Airlines fares set to take flight

Diane Alter – AHN News Reporter

New York, NY, United States (AHN) – Spring break is set to get more expensive.

On Thursday, several major airlines matched Delta’s domestic price increase of $20 per round trip the carrier filed for this week.

United Continental Holdings, American Airlines, Southwest Airlines and US Airways all confirmed they matched the fare hike, which fare tracker called the first domestic airfare increase in 2012.

Last year, airlines raised prices several times as they sought ways to deal with high fuel prices.

Shares of Delta rose Thursday after the Wall Street Journal reported the world’s second biggest carrier may be interested in buying ailing American Airlines.

Shares of Delta closed at $8.87 Thursday, and were off a few pennies in pre-market trading Friday. Shares of American Airlines, trading on the pink sheets as it tries to emerge from bankruptcy, were last quoted at 40 cents per share.

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