Wednesday, August 6, 2008
Traveling more expensive
by Claudia Sonea
There is no surprise for anyone anymore that the economy of US is in recession or at least is going through a rough time. The sluggish housing market, the credit crunch and the soaring price of oil have marked severely all industries and companies. Some companies and banks have declared bankruptcy, while others are struggling to survive.
Northwest Airlines Corp. is one of the companies that is trying to cope with the new state of reality and they are not the only airline company who thought about adding fuel surcharges. Rick Seaney, a blogger for farecompare.com, counted about 21 fare increases this year. However, the truth is that many of the increases have been pulled back because competitors didn't match them. According to Northwest spokeswoman Michelle Aguayo-Shannon surcharges of up to $80 will apply to travel to about 7,000 city pairs starting next year, so there is no need to worry immediately, but on the long run, it represents the largest one up to now.
A good piece of news is that the fares increases have generally slowed down. That is probably because the oil prices are starting to drop and they are receiving the profit from the first surcharges. On the market, Northwest's stock price has increased and the forecast for the coming year is quite good. After all, who could blame them for the fares hikes? The truth is that all means of transport had to deal with the oil prices that reached record heights. Now, that the cat is out of the bag, who is in fact guilty for everything? Don't go away, more to come...
related story: http://news.yahoo.com/s/ap_travel/20080801/ap_tr_ge/travel_brief_northwest_fares;_ylt=Ai42lFNGff73jyC_7uE9Rx.s0NUE
PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>
posted by Lucia Adamova
Northwest Airlines Corp. is one of the companies that is trying to cope with the new state of reality and they are not the only airline company who thought about adding fuel surcharges. Rick Seaney, a blogger for farecompare.com, counted about 21 fare increases this year. However, the truth is that many of the increases have been pulled back because competitors didn't match them. According to Northwest spokeswoman Michelle Aguayo-Shannon surcharges of up to $80 will apply to travel to about 7,000 city pairs starting next year, so there is no need to worry immediately, but on the long run, it represents the largest one up to now.
A good piece of news is that the fares increases have generally slowed down. That is probably because the oil prices are starting to drop and they are receiving the profit from the first surcharges. On the market, Northwest's stock price has increased and the forecast for the coming year is quite good. After all, who could blame them for the fares hikes? The truth is that all means of transport had to deal with the oil prices that reached record heights. Now, that the cat is out of the bag, who is in fact guilty for everything? Don't go away, more to come...
related story: http://news.yahoo.com/s/ap_travel/20080801/ap_tr_ge/travel_brief_northwest_fares;_ylt=Ai42lFNGff73jyC_7uE9Rx.s0NUE
| by Claudia Sonea for PocketNews (http://pocketnews.tv) |
PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>
posted by Lucia Adamova
Labels: CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom, Travel
# posted by Blog TechSource @ 1:53 AM 
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