Airlines regaining pricing power
November 19, 2009 |
Airlines in recent months have regained some of the pricing power they've lost in the past year, as airfares inched upward from their lowest point in a decade toward what travel management companies predict will be even higher levels in 2010.
"There's no doubt that prices are firming," said Rick Seaney, CEO of airfare tracking firm FareCompare. "Basically, what we saw was an absolute freefall in prices from November through May
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