Just to cover the increase in fuel costs over the past two years, American would have had to raise fares nearly $75 per round-trip ticket. During this time period, our average fare increased by only $15.
Sentiment: NEGATIVE
People were desperately trying to fill their seats for the summer. And so prices are really low right now. And so they are kept from raising prices to make up for that difference.
In 2012, a hamburger cost Amtrak $16.15, with riders paying $9.50. This means that we, the taxpayers, are forced to pick up the tab for the remaining $6.65 through subsidies provided to Amtrak.
First, we have to lower our costs to levels that are more competitive. This will prevent the lower-cost airlines from pushing us out of the markets we want to serve. We've made great progress on this front, but we need to keep pushing.
Certainly, we are hurt by the high fuel prices because it raises our cost.
You can technically lose money during the playoffs if you don't raise your ticket prices.
I mean the interesting thing I think would be if something happened like, what happened in England where all these kids that all of a sudden can't afford the ticket prices.
Fuel prices are at the center of our lives. They affect our ability to travel, stay warm, and feed ourselves.
I feel sympathy for the working class lad. I've always championed about ticket prices and try to equate that to people's salaries.
We've got fuel prices coming down and good travel numbers coming out, so it's not surprising airline stocks are going up.
In 1980, it cost just under $600 to take a round-trip flight within the United States.