USA AIR FARES
his year, air fares in the USA have increased, although not by much taking into account that the increase seen in 2011 was a lot higher. Unfortunately, air travelers have to contend with the new domestic fares that have increased to 4.6% in 2012, setting the price for an average airline ticket at approximately $376. The current price increase seems modest compared to the increase in 2011, which shot up to 8.4%.
The good news is that industry experts foresee a less likely rise in fares in 2013. However, travelers are yet to breathe a sigh of relief, as industry analysts anticipate a rise in airfares in the months of November and December of this year. Moreover, the country's largest carrier of domestic commuters, Southwest Airlines increased the cost of a round trip last week to $10 from the existing $4, depending on the route. All major U.S. based carriers corresponded with this hike.
This proliferation is the 14th price hike in 2012 of which half was coordinated by all the major airlines, and the other half was cancelled after a small number of airlines accepted the hike. Anne McDermot an editor of an airfare news website called FareCompare believes that at the present time, it would be difficult to establish if the air fares will continue to increase in 2012; however, she did imply that this could be possibility.
In September, the average domestic price was $376 as professed by the Airline Reporting Corporation, The Arlington, Va., a company that handles payments for tickets between the airlines and travel agents. A forecast issued by American Express Global Business Travel last week prognosticated that in Northern American airfares would increase from 2% to 6% in 2013 based on the duration of the flight, and the airline seat.
A previous forecast by Carlson Wadonlit Travel, a business travel management company arrived at the same conclusion that there will be a 2.9% rise this year. It further stated that even though there is a sluggish, but steady recovery of the American and Canadian economies, very little growth is to be expected in the foreseen future that could help control the travel fare hikes for a majority classes in 2013.
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Publishing Date: 26 Oct 2020.
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