U.S. air fares predicted to drop this fall

Sept. 4, 2007 at 1:25 PM   |   Comments

CHICAGO, Sept. 4 (UPI) -- "The world will be on sale" this fall as U.S. airlines scramble to fill seats as the travel market cools, a travel agency executive said.

An estimated 1.5 million passengers flew in and out of Chicago's two airports over the Labor Day weekend -- -- roughly 100,000 fewer than over Labor Day 2006, The Chicago Tribune reported.

Chicago is seen as an industry bellwether since it is a major travel hub dominated by the two largest U.S. carriers, AMR Corp.'s American Airlines Inc. and UAL Corp.'s United Air Lines Inc., as well as leading low-cost carrier Southwest Airlines Co., the newspaper said.

Less competition for seats means slashed fares for people willing to travel during off-peak periods this fall, travel executives said.

"The world will be on sale," BestFares.com Chief Executive Officer Tom Parsons told the Tribune.

"Going into fall, they'll give us bargain-basement deals," he said. "It's better (for the airlines) to get a few bucks than zero bucks."

Among the low prices from Chicago through October are less-than-$100 round-trip travel to Ft. Myers, Fla.; $503 round-trip flights to Honolulu, Hawaii; and 50 percent to 70 percent discounts on fares to Europe, compared with peak travel months June and July, Parsons said.

Topics: Tom Parsons
© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
Iran boasts of nuclear energy potential
Home Depot latest victim of hackers
Russian military receives upgraded helicopters
U.S. Navy receives new attack submarine
A400M demos refueling capability using Cobham equipment
Trending News