A broad-based fare increase, initiated last week by Delta Air Lines Inc. (Other OTC:DALRQ - news) and matched by U.S. rivals, has unraveled, prompting experts to say on Monday that the chances for further fare hikes are fading.
As of Monday morning, even Delta had rescinded the $5 one-way increase, which failed to gain traction among enough airlines to overcome competitive pressures.
Airlines, struggling to offset historically high fuel prices, have raised fares several times in the last year. Experts now say that trend may be coming to a close.
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