U.S. Air Carriers post huge losses due to high jet fuel prices
It’s not just cargo customers feeling the impact of ever rising fuel surcharges. Thanks to skyrocketing jet fuel prices, it appears U.S. airlines may be forced to increase passenger rates as well:
Faced with skyrocketing fuel bills, major U.S. airlines have announced nearly $1 billion in losses for the first three months of the year, a financial toll that is forcing carriers to slash flight schedules, cut jobs, add passenger fees and even seek potential merger partners.
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Richard Anderson, Delta’s chief executive, told reporters in Washington yesterday that airlines would have to raise ticket prices 10 to 15 percent to just break even.
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