NEW YORK, Feb. 23 (UPI) -- Southwest Airlines and JetBlue Airways, two of the premier U.S. discount carriers, appear ready to hike fares.
Executives from both companies say higher fuel costs are hurting revenues, TheStreet.com said Thursday.
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Laura Wright, Southwest's chief financial officer, said her company's revenue has to rise, although the airline's extensive fuel-hedging program provides a cushion against the need for immediate ticket-price increases.
David Neeleman, head of JetBlue, said, "We need a higher average fare for our tickets. We need to get another five bucks or 10 bucks. We are running an airline pretending that oil was going to be $50 a barrel."