What Oil Prices Mean for Airfares

NY Times analyzes the relation between rising crude oil price and airfare.

The market news is quoted as saying:

In the first week of March, American Airlines raised the price of one-way tickets by $10 in all fare classes, said Ike Anand, director of airline strategy and analysis for Expedia. U.S. Airways, Delta and others followed; smaller airlines have, too.

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