The seventh time this year Air ticket prices have increased again

For the seventh time this year, air ticket prices have increased again (Alberta Times) A number of major airlines said on the 15th that each round-trip air ticket will increase by up to 10 yuan. This is aviation...

(Alberta Times)

Several major airlines said on the 15th that round-trip air tickets would increase by up to 10 yuan each. This is another price increase after the airline announced a substantial increase in fares in April. This time the price increase was initiated by United Continental, which announced that it would increase round-trip air tickets by another 4 to 10 yuan, and Delta Airlines immediately followed suit. American Airlines and JetBlue have yet to raise prices, and other airlines had no immediate comment. In order to increase revenue and respond to rising fuel prices, airlines raised prices six times in the first half of 2011, with the last significant price increase occurring in April. In the past two weeks, some airlines have said that June vacancy rates were higher than the same period last year. Rick Seaney, CEO of fare comparison website FareCompare.com, said United Continental is raising prices to test the demand from other airlines to see if they have the strength to raise prices. Jamie Baker, an analyst at JPMorgan, said that airline industry shares have fallen recently as investors worry about falling demand, and the increase in airfares shows airlines are confident about demand, a move that could lead to a recovery in share prices. Delta Air Lines also announced on the 15th that due to insufficient demand in some small cities, the company's routes to small cities are not profitable, and the company will suspend routes to 24 small cities. Affected include small rural cities in Iowa, Michigan, Minnesota, Mississippi, North Dakota and South Dakota. Delta currently operates these routes with 34 small aircraft, but these aircraft will be phased out at the end of the year. Although. Delta stated that it has 50-seat small aircraft that can serve small cities, but due to high fuel prices, even if it operates a 50-seat small aircraft, it will still lose money. The company's annual losses on small city routes are about 14 million yuan. (World News Network)