Fewer people are flying as airfare soars. Here’s why airlines aren’t worried
Summary
Third-quarter passenger numbers declined as airlines raised ticket prices due to rising fuel expenses. Despite the drop in demand, industry executives report that customers are mostly accepting the higher costs without major resistance.
Airlines are reporting fewer people flew in the third quarter as airfare surged on fuel costs, but executives say travelers are mostly swallowing higher fares.
Source: Read the full story at US Top News and Analysis
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