Airfares rise with growing fuel costs; Average airfares increase 1.6 percent in February.

0 Comments | M2 Presswire, March, 2000

M2 PRESSWIRE-23 March 2000-AIR TRANSPORT ASSOCIATION: Airfares rise with growing fuel costs; Average airfares increase 1.6 percent in February (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:22032000 Washington, DC -- The Air Transport Association (ATA) Office of Economics reports that airline ticket prices rose only slightly in February -- although oil prices were soaring.

Average fares increased 1.6 percent in February, over the average price a year ago. Coach fares increased less than one percent and first-class fares went up 2.7 percent, or $8.82. "Rising jet fuel prices are expected to increase industry operating costs $4.4 billion this year, an amount that nearly equals all of the money earned by the airline industry last year," said ATA Chief...