With passenger demand for flights dropping, many airlines in recent weeks have instituted fare sales, and competitors have matched the lower prices."
Included is a chart of some popular routes and the now plunging airfares.
As one comment notes:
Our exclusive web blog is an unbiased, uncensored, insider view of the travel industry with a slant on Las Vegas money-saving tips, destination tips, and various trip reports.
With passenger demand for flights dropping, many airlines in recent weeks have instituted fare sales, and competitors have matched the lower prices."
Included is a chart of some popular routes and the now plunging airfares.
As one comment notes:
"Ironic part, though, these airlines keep installing idiotic and pointless fees in an effort to make more money, and yet they constantly fail to be profitable. You would think that with this kind of gouging, they could make money flying the damn planes.
Which begs the questions, where does all this fee money go? It doesn't go to the pilots, stewardesses or mechanics, who have had their pay slashed to ribbons in the past few decades. It doesn't go to the planes, which are old and usually in bad repair. It doesn't go to the gas, which is cheap. It doesn't go to the stockholders, because the stock is shit. I wonder what happens to it all."
Airlines as a whole have only made money in two years since 2002. The business model old or new just doesn't seem to working.
The carrier also said it is cutting certain other fees as it aligns its policies with those of Northwest Airlines, which it acquired last week.
Link from the International Herald Tribune