photo: dreamstime

Airlines Look At Raising Fares Amid Higher Fuel Prices

Planning a trip? You may want to book soon

June 07, 2018 - 1:56 pm

DETROIT (WWJ) - If you're planning to fly this fall, you may want to lock in your fare now. 

Jet fuel prices are up about 50 percent over the past 12 months," says WWJ Business Editor Murray Feldman, and "now the airlines are starting to evaluate their earnings."

On Wednesday, Delta Airlines, the largest carrier at Detroit Metropolitan Airport lowered its earning estimates for the year. American Airlines says that higher fuel prices will cost them an additional $2 billion. 

The airlines are still highly profitable - bringing in billions of dollars for consumer 'extras' like baggage, seat selection, and other itemized choices while flying. 

Delta says it will make a decision after the summer travel season about raising fares and possibly cutting the number of flights  -- in an effort to sustain profits.