The aviation market is under tremendous cost pressure, with not only high fuel prices but a softening economy impacting air travel and causing carriers to slash capacity. And these factors are pushing carriers to become quite dynamic in their day-to-day operations.
It's no surprise that Americans are traveling less during the credit crunch era. One of the pillars that had been supporting domestic carriers in the downturn, however — international travel — is now also showing signs of slowing. What started out as a tough year for air travel has become a very difficult one, with operating costs still high, and capacity reductions tied to those high costs.
It’s summertime, which is almost synonymous with vacation-time. This year, however, vacation plans for many Americans has been thrown into a tailspin as rising fuel costs force airlines to raise ticket prices — and tack on additional fees wherever airline execs see fit.