Last month, price of oil and its jet fuel derrivative rose. Immediately, airlines increased fares to compensate. Now oil is back to where it was before the increase, and the airlines' response? Another fare increase!
The Department of Transportation (DOT) ignores the price fixing that airlines have perfected over the years. One airline raises fares and waits for other airlines to match. If they do, the fare increase stays. If they don't, the maverick airline rolls back the increase "to stay competitive".
www.premieretravel.com
