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Air fares headed higher?

Post by John Gillie / The News Tribune on June 25, 2009 at 9:42 am with No Comments »
June 25, 2009 9:42 am

After months of bruising fare wars, domestic airlines appear to be halting their skirmishes and reversing the fare reductions.

For the second time in two weeks, major domestic carriers, this time led by American Airlines, have initiated fare hikes ranging from $10 to $20 roundtrip on many U.S. routes, said Rick Seaney, chief executive of

Seaney warned consumers that these small price hikes could the beginning of the end of big bargain air fares this summer.

“I have been cautioning consumers for the past month that they procrastinate on purchasing airline tickets at their own risk — two air fare hikes in the past few weeks is the strongest signal I have seen that the bottom is either here or near,” he said.

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