Business Services Industry
Jump in Airfares Unlikely, Experts Say, despite Prices Being at 15-Year Low.
Knight Ridder/Tribune Business News, October, 2003
By D.R. Stewart, Tulsa World, Okla. Knight Ridder/Tribune Business News
Oct. 30--The price to fly generally remains at a 15-year low.
In the troubled airline industry, increased passenger traffic, fewer airlines or higher fares would be seeds for a revival.
But none of this is likely in the near future, airline executives and analysts say.
As a result, air fares at 15-year lows in most markets are likely to remain at those levels for the foreseeable future, say officials in the industry, which has lost $19.5 billion and 110,000 jobs during the past two years.
"The phenomena of real fares (adjusted for inflation) declining is intrinsic to aviation, but it has accelerated with deregulation," said John Heimlich, chief...
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