In case travelers are wondering why domestic fares have become so high so quickly, look no further than six fare hikes just in 2011...
While we are still in the first quarter of the year, and the oil prices are making highs not seen since 2008 when oil hit $147/barrel, the quick-to-react airlines waste no time every week to take advantage.
When oil prices roll back on the other hand, airlines really take their time to roll back their fares and fuel surcharges.
The recent Department of Justice charges against 21 airlines for price fixing is the tip of the iceberg. Airlines do act in concert, and when one or more competitor would not "go along" with fare hikes, something amazing happens: those who do increase fares cancel those increases "for competitive reasons".
www.premieretravel.com
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