Airlines backtrack on fare increases
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From Times Staff and Wire Reports
Major U.S. airlines partially withdrew last week’s flurry of fare increases, but one analyst said the hikes had been successful and suggested robust travel demand this fall.
“En masse this morning they all were decreasing fares. [But] to some degree their increases have stuck pretty well,” said Rick Seaney of FareCompare.com.
Seaney said UAL Corp.’s United Airlines and Continental Airlines both rolled back more than 10% of the increases announced last week.
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