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United Airlines Admits Higher Fares Are Here To Stay, Even If Oil Prices Drop

One Mile at a Time·Ben Schlappig·about 1 month ago
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It’s obviously an incredibly challenging time for the airline industry, given that the massive bump in jet fuel prices is massively increasing the operating costs of airlines. Airline pricing is typically pretty elastic, so simply raising fares isn’t that straightforward (if it were, so many airlines wouldn’t be running operating losses). That being said, United has just shared some data about how fares have increased in recent times, and travelers should probably be alarmed by what executives are suggesting. United reveals just how much it has increased fares You can’t blame airlines for trying to maximize profits, but… Bottom line United reveals just how much it has increased fares As of late we’ve seen consumers wonder just how much airfare has gone up and will continue to go up, given the increase in jet fuel prices. While passing on higher costs can be challenging for airlines, United seems to be having a surprising amount of luck with this.…

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