April 17, 2012 at 4:35 PM ET
Updated April 20, 3:30 p.m.: An airfare hike attempt by Delta this week is showing signs of faltering, according to Rick Seaney, CEO of FareCompare.com.
Updated April 18, 1:30 p.m.: Other airlines are resisting a $20 per round trip fare hike initiated this week by Delta Air Lines, and an analyst predicts that Delta will have to pull back.
Delta confirmed late Monday that it raised prices on most U.S. routes. By Tuesday morning, however, no other airlines had matched the increase, and JP Morgan analyst Jamie Baker predicted Delta would rescind it within hours.
United Airlines, American Airlines and JetBlue Airways said that they had not raised prices. Other airlines didn't immediately comment.
Original story: Heads up, travelers. For the sixth time this year, an attempt is underway to bump up airfares.
Delta Air Lines is leading the latest stab at boosting round-trip domestic fares from $10 to $20, FareCompare.com spokesperson Katrina Witherspoon said in an e-mail.
Tuesday's move, however, aims to increase the purchase price for tickets bought within seven days of departure. Put another way, the airfare hike would hit road warriors, not necessarily those traveling for pleasure. “Typically, airfare purchased inside of a 7-day window to departure is purchased only by business travelers and not usually leisure flyers,” Witherspoon wrote.
Three previous attempts to raise airfares this year have been successful. Witherspoon said the outcome of this attempt will be known by Thursday.
The most recent increase happened in March when legacy and low-cost carriers agreed to an increase of up to $10 on roundtrip flights.
In a March 27 e-mail, Rick Seaney, CEO of FareCompare.com, said prices jumped twice during the second quarter of 2011, adding, “I expect to see something similar this year as we head into the historically busy summer travel season which is likely to be much busier this year.”
Information from The Associated Press was included in this report.
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