High fuel costs continue to increase airfares; Average fares increased 2.9 percent in March.

0 Comments | M2 Presswire, May, 2000

M2 PRESSWIRE-3 May 2000-ATA: High fuel costs continue to increase airfares; Average fares increased 2.9 percent in March (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:01052000 Washington, DC -- The Air Transport Association (ATA) Office of Economics reports that airline ticket prices increased in March as a result of rising fuel costs.

Average fares increased 2.9 percent in March, over the average price a year ago. Coach fares were up 2.8 percent and first-class fares increased 1.8 percent during March. "Like the rest of the U.S., the airline industry was plagued by rising fuel prices throughout much of this year," said ATA Chief Economist David A. Swierenga. "The industry and its passengers continued to feel the impact of the high fuel costs in...