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US carriers raise, drop fares
Thursday, February 18, 2010
US airlines' second attempt this year to raise ticket prices appears to have failed - perhaps because some rival carriers held fares steady on the same routes - with major carriers first raising and then dropping fares, according to Farecompare.com.

Last week, United Airlines and others increased fares by US$10 per round-trip, but by early this week, most airlines had rolled back their prices.

The initial price rises may have been an attempt to test the waters for possible yield increases.

In recent quarterly reports, major US airlines said business travel demand was increasing, although much of it was in economy classes.

 
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