What Happened
Industry Headwinds Drive Change In Air Transport Sector
US airlines have implemented six industry-wide fare increases since March 1, in an effort to offset high and volatile fuel costs. According to Southwest Airlines COO Andrew Watterson, all carriers participated in the fare hikes, which have been successful in sticking. The move reflects the industry’s ongoing struggle to manage fuel expenses, which continue to impact airline operations. This development was reported by Aviation Week.