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July 15, 2005
Airlines hike airfares by $100, citing fuel costs
Posted by Dominic Basulto
Planning on booking a last-minute weekend getaway with Delta? Not so fast, says Newsday. Delta Air Lines yesterday raised some ticket prices by as much as $100, citing "spiraling fuel costs that threaten to push the carrier toward bankruptcy." Bad news travels fast in the airline industry, since three other major carriers - Continental Airlines, United Airlines and USAirways - also decided that, hey, fuel costs are kinda high, now that you mention it. Without giving it a second thought, these airlines also matched Delta's fare increase "almost immediately."
One airline consultant on Long Island expressed surprise at the size of the fare hike: "I was surprised by the $100. I would have guessed a $20 change..." Considering that the price of oil has spiked by about $20 in the past six months, we kinda like that $20 figure too.
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