Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them.
Category: Prices (Fares, Fees and Rates)
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How Airlines Turned First-Class Seats From Freebies to a Profit Engine
The New York Times – Business: -
Middle East War Triggers Higher Prices in China
The New York Times – Business:Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
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Oil Ticks Higher and Stocks Rise Ahead of U.S. Inflation Report
The New York Times – Business:A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation.
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Oil Prices Edge Higher as Confidence in Cease-Fire Wavers
The New York Times – Business:Investors were in a more sober mood after sharp moves on the previous day.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The New York Times – Business:The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
The New York Times – Business:Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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Why Gas Prices Won’t Fall as Quickly as Oil Prices
The New York Times – Business:The energy industry refers to the behavior of gasoline prices as “up like a rocket, down like a feather.”
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Delta Expects Strong Profit Despite Higher Fuel Costs
The New York Times – Business:The airline said demand for tickets remained very strong despite the effects of the war in Iran.
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Oil Prices Plunge and Stocks Surge After Cease-Fire Deal
The New York Times – Business:Markets reacted positively after the United States and Iran reached a last-minute cease-fire agreement.
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Delta, WestJet and Other Airlines Announce Higher Baggage Fees and Fuel Surcharges
The New York Times – Business:American and Canadian airlines, squeezed by surging fuel costs from the war in Iran, are adding “sticky” new bag fees and surcharges, on top of higher fares.
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Markets on Edge as Trump’s Iran Ultimatum Looms
The New York Times – Business:Oil prices are rising and stocks are selling off as investors fret that the president will carry out his threats to “decimate” Iran.