Southwest Airlines, the largest discount carrier in the U.S., announced a $10 fare hike on roundtrip

Industry officials warned that a sustained crisis in several oil-producing nations could hurt the industry's fragile recovery, noting that international air traffic rose 8.2% in January beacon hotel washington dc from a year ago, but oil prices could derail a razor-thin 1.5% profit margin.
"It's not clear just how long [rise in oil prices] is going to last," Steve Lott, spokesman for the International Air Transport Association, told AOL Travel News . "Is it a temporary spike or is it going to be sustained for some time to come?"
beacon hotel washington dc Even before the Libyan revolt, British Airways raised ticket prices on Feb. 8, noting it has to spend more than $11 million a day on fuel costs. Libya supplies about 2% of the world's beacon hotel washington dc oil supply, and has strong ties to several beacon hotel washington dc European markets.
"We have tried to absorb as much of the cost as we can of the rising cost of fuel," said spokeswoman Michele Kropt, "but we do also have to have to pass some of these increases onto our customers buying new long haul tickets."
BA cited a 14% increase in jet fuel prices since its last fuel surcharge in December. The new surcharge meant that tickets prices rose more than $54 for first class tickets and more than $38 for coach and premium economy class tickets, called World Traveller and World Traveller Plus on BA.
Southwest Airlines, the largest discount carrier in the U.S., announced a $10 fare hike on roundtrip tickets on Feb. 18, citing rising fuel costs. Spokesman Brandy King tells AOL Travel beacon hotel washington dc News the airline has not seen any decrease in demand, but was looking for ways to streamline operations to minimize beacon hotel washington dc fare hikes.
Delta Air Lines last week raised prices up to $120 on last-minute fares, and was matched beacon hotel washington dc by rivals including American, United beacon hotel washington dc and Continental, however US Airways pulled back later in the week. These increases are expected to most impact business travelers (rather than leisure travelers).
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