{"id":288357,"date":"2011-03-03T18:59:20","date_gmt":"2011-03-03T18:59:20","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/03\/why-is-airfare-rising-because-you-keep-paying\/"},"modified":"2011-03-03T18:59:20","modified_gmt":"2011-03-03T18:59:20","slug":"why-is-airfare-rising-because-you-keep-paying","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/03\/why-is-airfare-rising-because-you-keep-paying\/","title":{"rendered":"Why is airfare rising? Because you keep paying"},"content":{"rendered":"<p><div readability=\"79.6665131276\">    <!-- PURGE: \/2011\/03\/03\/pf\/saving\/rising_airfare\/airport_departure_screen.gi.top.jpg --><!-- KEEP --><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/dbba26fdreen.gi_.top_.jpg\" alt=\"airport_departure_screen.gi.top.jpg\" width=\"475\" height=\"324\" border=\"0\" class=\"cnnstoryImageFull\" \/><!-- \/PURGE: \/2011\/03\/03\/pf\/saving\/rising_airfare\/airport_departure_screen.gi.top.jpg --><span id=\"fb-recommend\"\/><br \/>\n<span>By Aaron Smith, staff writer<\/span><span>March 3, 2011: 1:56 PM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><!--endclickprintexclude--><!-- CONTENT --><\/p>\n<p>NEW YORK (CNNMoney) &#8212; The cost of a plane ticket keeps jumping, and it seems the sky&#8217;s the limit for price. Why? Because you&#8217;re willing to pay.<\/p>\n<p>The major U.S. airlines have <a href=\"http:\/\/money.cnn.com\/2011\/02\/23\/news\/companies\/airfare_hikes\/index.htm\">hiked fares<\/a> six times so far this year, already doubling the total number of increases for 2010, according to Rick Seaney, chief executive of Farecompare.com.<\/p>\n<p><!-- REAP --><!--startclickprintexclude--><!--endclickprintexclude--><!-- \/REAP --><\/p>\n<p>But consumers have continued to pay the increased fares, so the airlines have become bolder in driving the prices up even further.<\/p>\n<p>The average roundtrip airfare between major U.S. cities has crept up to $311, which is getting awfully close to the spring-summer peak of $318 in 2008. This is an important benchmark for how high consumers are willing to go, Seaney said, and sticker shock could soon set in.<\/p>\n<p>&#8220;I don&#8217;t expect prices to rise unchecked,&#8221; he said.<\/p>\n<p>But prices may have already overtaken 2008 levels. Seaney said that the average airfares of $318 in 2008 versus $311 today do not include <a href=\"http:\/\/money.cnn.com\/2010\/07\/21\/news\/companies\/airlines_revenue_fees\/index.htm\">ancillary fees<\/a> for checked baggage, pet travel, non-alcoholic drinks, food and other services that were free in 2008. So many travelers are probably paying more to travel now than they were in 2008, or even 2001 &#8212; the previous peak.<\/p>\n<p>&#8220;I think airlines may be getting close to travelers&#8217; wallet breakpoint,&#8221; said Seaney. &#8220;When or if that does happen, airlines will begin pulling the lever on seat cuts and fee hikes.&#8221;<\/p>\n<p>But for now, airlines have been hiking up fares, practically on a daily basis, said Tom Parsons, travel pricing guru at BestFares.com. They also hiked up fuel surcharges by more than 20% since 2008, even through <a href=\"http:\/\/money.cnn.com\/2011\/02\/24\/news\/companies\/airfare_oil_prices\/index.htm\">oil prices<\/a> are down about 28% since their 2008 peaks.<\/p>\n<p>The airlines have also cut capacity, meaning they eliminated their least fuel-efficient flights. This has been a highly <a href=\"http:\/\/money.cnn.com\/2010\/12\/22\/news\/companies\/airline_fares_profits\/index.htm\">successful strategy<\/a> for airlines, allowing them to fly fuller planes and provide fewer choices for consumers.<\/p>\n<p>&#8220;I wouldn&#8217;t touch an airline ticket right now,&#8221; he said. &#8220;Don&#8217;t blink. Let the airlines blink first.&#8221;\u00a0<a href=\"http:\/\/money.cnn.com\/2011\/03\/03\/pf\/saving\/rising_airfare\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p><!-- \/CONTENT --><!--startclickprintexclude--><!--startclickprintexclude--><br \/>\n<!--endclickprintexclude--><!--endclickprintexclude--><\/div>\n<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/dbba26fdreen.gi_.top_-150x150.jpg\" \/><\/p>\n<p>View original post here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/uEtKfD3gpeM\/index.htm\" title=\"Why is airfare rising? Because you keep paying\" rel=\"noopener noreferrer\">Why is airfare rising? Because you keep paying<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> By Aaron Smith, staff writer March 3, 2011: 1:56 PM ET NEW YORK (CNNMoney) &#8212; The cost of a plane ticket keeps jumping, and it seems the sky&#8217;s the limit for price. Why? <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-288357","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why is airfare rising? 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