Airline profits down;airfares going up as a result?

[WDWisTheBest]

Soaring jet fuel prices are wiping out profits at the nation's biggest airlines.

United Continental Holdings Inc. lost $213 million in the first quarter after its fuel bill jumped by $560 million, the world's biggest airline company said on Thursday. Southwest and JetBlue both scratched out tiny profits despite higher fuel costs. A day earlier, American Airlines reported a $436 million loss.

With jet fuel getting close to 2008 highs, airlines have been raising fares to compensate - seven times so far this year.

So, do you think air fares are going to be stable? Or, are airlines going to raise rates?

 

[grumpytx]

I really don't know. Having said that I have been watching prices on Continental for about a month now and have only seen a $20 sway in price on IAH/MCO flights I needed.

 

[mickey2000]

IMO prices will continue to climb with Everything!
People will stay closer to home and travel less. We are headed for another recession! It seems our current leaders want to destroy the poor and middle class. Gosh even Mc Donalds will be increasing prices
Better start saving ..........

 

[princesspeach]

The dollar is in a freefall. Your going to see inflation everwhere. There is supply and demand inflation, and then there is the over supply of money inflation. Were printing money like crazy, monetizing debt and destroying our currency. Be prepared. Inflation its coming big time.