Yet another airline uses high fuel to hike prices

There has been a recurring trend with airlines this summer, namely, many American ones are using the high price of fuel to continually hike prices for their flights. The latest carrier to join in the gouge is Alaska Group Inc., Alaska Airlines’ parent company.

Prices of one-way tickets with Alaska Airlines will be anywhere from $5 to $10 dollars higher from now on. The Chairman and Chief Executive Officer for the Alaska Group Bill Ayer says, “With the price of a barrel of crude oil spiking more than 50 percent since this last time last year, jet fuel is now our largest single expense, accounting for more than 30 percent of our overall operating costs. Like other businesses, we need to offset at least some of our increased costs.”

Despite the grumpy reactions, the airline itself is probably more grumpy. For them, every $1 rise on a barrel of fuel means the company’s fuel cost jumps $10 million. The flights within the state of Alaska have increased by $5 and routes to Canada and Mexico rose by $10.

www.alaskaair.com