Book Um If Ya Got Um: Up Up & Away With Fare Increases
EAGAN, Minn. - Northwest Airlines will match the fare increases put in place by other major carriers this week.
Northwest said Friday night it will match the approximately 3 percent to 5 percent increases first implemented Thursday by United Airlines and matched by Delta Air Lines, American Airlines and Continental Airlines.
Jim Cron, senior vice president of revenue management, said Northwest made the move “to offset the extraordinarily high cost of fuel.”
The fare increase comes on the heels of Northwest’s earnings report this week, which showed a $4.1 billion loss in the first quarter, almost all of it from a massive accounting charge.
(AP)
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Yeah, well, this economy’s turning to crap, you can bet your money on it, or better yet, pull your money out of it. In fact, that’s what the whole world is doing, based on the value of the dollar. Restaurants and bakers are in trouble, the cost of food/staples like flour are up severrely (flour tripled in price over the last year); poor truckers and cabbies and others (basically everyone) who have to buy fuel are getting hammered. It’s not good, folks. We could weather a business cycle recession,but these clowns in government can’t seem to realise they’ve caused great damage allowing inflation to start up by letting the dollar sink so low and cutting interest rates too sharply in the past year or two and not having an energy policy. I’ve lost lots of money, and I don’t see it going any better. I
April 26th, 2008 at 2:12 am