Inside these posts: Fuel prices

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March 7 at 3:39 p.m.
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Filed under: Airlines, Energy

U.S. airlines hike fares, surcharges for costly fuel

By Reuters

A Southwest Airlines plane being refueled. (Justin Sullivan/Getty Images)

U.S. airlines are raising fares and rolling out surcharges as runaway fuel prices threaten to eat into profits.

Fuel surcharges are being added on international routes. JetBlue Airways Corp said on Monday it recently implemented a $45 one-way surcharge in select Caribbean markets. Delta Air Lines Inc said its surcharges vary by market.

Fees are also going up for passengers checking more than two pieces of luggage, and more carriers are ditching free snacks to save money, said Tom Parsons, chief executive of travel site Bestfares.com. Get the full story »

March 2 at 5:41 a.m.
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Filed under: Tourism, Travel

Airline profits expected to halve in 2011

By Reuters

Global airline net profits will halve this year as rising costs, especially oil prices, offset increasing demand, the industry body IATA said on Wednesday.

The result would be a net profit margin this year of only 1.4 percent — dismissed by IATA Director-General Giovanni Bisignani as more worthy of a charity than an industry — down from 2.9 percent in 2010. Get the full story »