7.25.2011

It's just those crazy markets again

Airlines raise fares to scoop up tax lapse | Reuters

(Reuters) - Many airlines raised fares in recent days to take advantage of a lapse in ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference....

"Friday evening we adjusted prices so the bottom line price of a ticket remains the same as it was before prior to the expiration of federal excise taxes, etc.," American Airlines spokesman Tim Smith for AMR Corp's American Airlines said by email.

 

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