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Airlines Increasing Rates Ahead Of Holidays

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Oct 23, 2009 4:44 pm US/Eastern

Airlines Increasing Rates Ahead Of Holidays

DALLAS (CBS4) ―

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With the holiday travel season just around the corner and profits down, it's no surprise to airline travelers that airlines are increasing the costs for tickets. American Airlines matched a recent fare hike by Delta Airlines, according to CBS4 news partner the Miami Herald.

American increased round-trip flights by $10 and $5 on one-way trips. The price hike is the fifth this year and the second in two weeks, according to Rick Seaney, CEO of farecompare.com. There were 15 price hikes in 2008.

American, Delta, United, and U.S. Airways have also matched the others price hikes. Discount airlines Southwest and AirTran have not indicated whether they will also raise their prices.

(© MMIX CBS Television Stations. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. CBS4 news partner The Miami Herald contributed material for this report)