Get ready to pay more.
As carriers get hit with soaring costs, some experts say it's not a matter of if U.S. airlines will push off these costs to passengers, but when, and how much."Airlines
because they don't want to alienate their customers. If they raise prices to cover the cost of the fuel increase 100 percent, they may be pricing people out of the market," AAA spokespersontold Travel Off Path."It's a fine line airlines have to walk in order to absorb some of the costs, but at the same time, not make flying so expensive that they undermine their business."
Some carriers in the country might get to bypass raising ticket prices because they use fuel hedging, in which they lock in oil prices with a company for an extended period of time through contract. But according to Reuters, three of the : American, United, and Delta. And Breeze Airways, the new low-fare airline from the founder of JetBlue, is one of the first U.S. carriers to directly speak on the potential that it might raise ticket prices for customers soon.Gareth Edmondson-Jones
, director of communication for Breeze Airways, told WKYC."If its a two-hour trip, an extra $10 in fare. If it's a four-hour trip, then $20. It's nothing we really want to do, but ultimately if fuel continues to go up, we're going to have to amend prices."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Food prices could rise another 15% by April, Gristedes owner warnsThe billionaire owner of a New York grocery store chain warns that rising oil prices could mean another sharp rise in food costs.
Read more »
Airlines slash flights amid rising fuel, oil pricesSome major passenger carriers are being forced to trim their flying schedules due to the uptick in jet fuel prices, which have been driving by an increase in oil prices.
Read more »
Rising prices put bite on animal ownersRising costs, especially fuel costs are rippling through our lives. Now they’re affecting our best friends—the animals in our lives.
Read more »
This is how KPRC 2 viewers say rising gas prices are affecting their livesWe asked and you had a lot to say about the impact of rising gas prices on your lives. Here are some of the messages you shared with us via our submission form here.
Read more »
Biden bans Russian oil imports over Ukraine invasion as he warns gasoline prices will rise further“We’re banning all imports of Russian oil and gas and energy,” President Biden said. “That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin’s war machine.'
Read more »
Biden bans Russia oil imports to U.S., warns U.S. gasoline prices will rise furtherU.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices.
Read more »