Airline ticket price hikes reach new high after recent fare raises by American, Southwest
August saw the largest airline ticket price increase of 2019 as the industry continues to deal with fallout from the 737 Max grounding. Airline fares rose 1.6% in August compared to a year prior, according to the US Bureau of Labor Statistics Consumer Price Index for August. The correlation between the Max's grounding earlier this year with rising ticket prices over the summer is evident. The grounding left airlines with "very tight capacity in the peak months and therefore an ability to push prices slightly higher with other airlines following that pattern," said one airline analyst. In May, both American Airlines and Southwest Airlines participated in a rate fare increase of US$5 for one-way domestic travel, with Delta, United and Alaska soon after following suit. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-19/oneworld/airline-ticket-price-hikes-reach-new-high-after-recent-fare-raises-by-american-southwest
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Airline ticket price hikes reach new high after recent fare raises by American, Southwest
August saw the largest airline ticket price increase of 2019 as the industry continues to deal with fallout from the 737 Max grounding. Airline fares rose 1.6% in August compared to a year prior, according to the US Bureau of Labor Statistics Consumer Price Index for August. The correlation between the Max's grounding earlier this year with rising ticket prices over the summer is evident. The grounding left airlines with "very tight capacity in the peak months and therefore an ability to push prices slightly higher with other airlines following that pattern," said one airline analyst. In May, both American Airlines and Southwest Airlines participated in a rate fare increase of US$5 for one-way domestic travel, with Delta, United and Alaska soon after following suit. <br/>
