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Delta, other airlines back off rate hikes

bizjournals
Wednesday, 9 January 2013

The airline industry has retreated from its first attempt to hike fares this year. The move was initiated by United Airlines (NYSE: UAL) last week. Delta Air Lines Inc. (NYSE: DAL), American Airlines (Pinksheets: AAMRQ) and US Airways (NYSE: LCC) followed, but Delta backed off its increase late Friday. And United pulled back from the last of its increases on Monday, FareCompare.com reported. The increase failed despite its modest increment – $4 to $10 on round-trip domestic flights, potentially…
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