قالب وردپرس درنا توس
Home / Business / The plane tickets are about to go up, just in time for the summer season

The plane tickets are about to go up, just in time for the summer season



American Airlines just increased one-way costs on domestic flights by $ 5. The airline confirmed the price increase in an email to CNN Business.

The increase was observed earlier on Thursday by JPMorgan analyst Jamie Baker, who added in a survey that it was found that Hawaiian Airlines has been following US leadership by increasing prices across the system.

Baker also noted that Southwest raised prices on several flights, especially for business travelers.

  Is it worth flying an extremely low cost airline?

Southwest matched US price increase in some markets, but the airline told CNN Business on Thursday that it did not "cross the board in a market."

Hawaiian was not immediately available for comment on the reported car prices.

Danger trips can be a pain for customers, but investors loved the news. Stocks on American Airlines ( AAL ) increased more than 6% Thursday. Hawaiian ( HA ) and Southwest ( LUV ) rose more than 2% and 3%, respectively. Rival Airlines Delta ( DAL ) United ( UAL ) and Alaska Air ] ALK ) also completed the day with healthy gains.
Wall Street welcomed the possibility of higher prices at a time when oil prices generally fall, as a good sign of future profitability. The hikes can also signal that the demand from business travelers and business travelers stops despite concerns about a weakening US economy, as well as the disturbance caused by Boeings ( BA ) 737 Max Fly .

The news of higher prices seems to have surprised investors, mainly because it has been less than a month since the recent industry's price increase.

"We didn't expect another increase so soon," Baker wrote in his report. He added that because fuel costs have come down to late, "we were obsessed with domestic prices much less than usual given what we saw as a low probability of further increases."


Source link