www.bestfares.com/news-newsID207-All_Major_Airlines_Rai -
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Published on: 12/14/2009
Last Visited: 12/14/2009
"Northwest Airlines has been the spoiler on airfare increases many times in the past," says Tom Parsons, CEO and Founder of Bestfares.com, an internet travel website that tracks airfare changes and travel industry trends.
"It does not mean that Northwest won't match these fare hikes tomorrow but as of today Northwest offers the cheapest business and leisure airfares up to $50 less than their competitor.
If Northwest elects not to match this aggressive airfare hike by Sunday March 16, 2008, this could force the other five legacy airlines to rapidly descend their new higher airfares," adds Parsons.
If there is any good news for travelers, America now has many routes served by the low cost carriers.
Due to the competitive nature of the airline industry in most instances, the major airlines are forced to offer lower competitive airfares on these routes.
"When comparing airfares in nearby competitive markets that are serviced by low cost carriers and comparing nearby alternative airports to non competitive markets some airfares can be better than half price," states Parsons.
For example, Dallas to Key West, Florida is selling for $636 roundtrip.
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"Now that the price of crude oil has gone as high as $111 per barrel this week, we do expect the airlines to pass this higher fuel cost on to the traveling public," states Parsons.
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"For those who are planning travel for the upcoming busy summer travel season, the airlines are going to have to keep addressing the reality of higher and higher fuel prices and the general public is going to have to face the fact that they are going to have to spend more if they want to continue to travel by air, " adds Parsons.
Parsons also strongly suggests that if you are planning to travel between the busy summer period June through Labor Day you better start searching now and not later.