Soaring Gas Prices Increase Airfares
DETROIT (WWJ) - If you have to do a double take at the gas pump these days, just wait until you have to fly.
Southwest Airlines is blaming the rising price of fuel for a $10 fare hike on many domestic round-trip flights. And experts say Southwest's action may have ensured success for a price hike by major airlines that seemed to be faltering.
Southwest carries more U.S. passengers than any airline and wields great influence over prices.
It's the sixth time airlines have raised fares already this year.
FareCompare.com CEO Rick Seaney says leisure travelers may now have to pay $260 for a ticket that cost $200 back in January.
