Cost of airline Ticket in United States
Since the start of the year 2013, air carriers have increased the price of air tickets four times. There are several reasons that cause this rise in airfare increases. First is the rise in fuel costs that has hit the industry in recent months. The Middle East turmoil is the major cause of sharp rise in fuel prices. A gallon of jet fuel today costs $2.99, a 58% rise from $1.89 since last summer. According to Federal Aviation Administration (FAA), 2012, fuel costs accounts for approximately 40 percent of airline industry’s costs. Secondly, there is less competition attributed to ...
