US airlines raise fares

Dino D'Amore
By Dino D'Amore June 8, 2016 21:22

US airlines raise fares

UA carriers are succeeding in inching up fares again with JetBlue leading the increase with a $3 hike each way. American, United, Delta, Southwest, Alaska and Virgin America rapidly followed suit to match fares. As a result, airline share prices were given a boost yesterday. United stock closed up 2.9%, American was up 3.5%, Delta climbed by 2%, Southwest was up by 3.3%, JetBlue rose 3.3% and Spirit was up by 3.2%. The highest climbing airline stock was Hawaiian Airlines however, which surged by 5% on the back on strong traffic figures. Shares of IBD’s Transportation-Airline industry group collectively rose about 3%.

Dino D'Amore
By Dino D'Amore June 8, 2016 21:22