Question Business
Leading Airlines Announce More Capacity Cuts, Increased Fares: Which is the worst aspect of our dependence on oil?
Miranda June 27, 2008 18:46:55
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As oil prices continue to break records, the nation's six leading airlines have announced capacity cuts for 2008, trimming flights in major hubs and cutting off service to dozens of discount destinations.
All told, the industry will cut capacity by 9% in 2008.
Experts are also expecting more fare increases. Tom Parsons, travel pricing expert at BestFares.com, said airlines have imposed about a dozen fare increases or fuel surcharges since the end of last year.
This is just one of the repercussions of the insane dependence we have on oil. In your opinion, which is the worst?
All told, the industry will cut capacity by 9% in 2008.
Experts are also expecting more fare increases. Tom Parsons, travel pricing expert at BestFares.com, said airlines have imposed about a dozen fare increases or fuel surcharges since the end of last year.
This is just one of the repercussions of the insane dependence we have on oil. In your opinion, which is the worst?
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