US airlines try and fail to increase fares as fuel costs jump
A fast-growing supply of seats will be a headwind for carriers' efforts to raise ticket prices
Mon, Feb 05, 2018 - 5:50 AM
Delta (above) and American Airlines Group Inc, the two biggest carriers, have slowed their expansion in recent years to let demand catch up with supply - and make it easier to charge more for tickets.
US airlines are asking shareholders to believe they can raise ticket prices while ramping up the supply of seats. To Wall Street, that sounds like a fairy tale. Six attempts at broad-based fare increases have failed in the last two months, most recently a bid by Delta Air Lines...