Thursday, June 26, 2008
Get Ready for Increased Air Fares
There are rumblings in the airlines about raising air fare to match the rising cost of fuel. The fees they are charging (see chart on previous blog post) are not even coming close to cover the cost. All the major airlines are scrambling to stay afloat and it seems that flights and routes are being cut faster than the speed of sound. It won't be long before air travel is out of reach for most everyone. The airlines are also the next industry that will make cuts to their workforce. Pretty soon, there will be more TSA agents working than pilots.
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