Cheap airplane tickets and cheap vacation packages will remain cheap a while longer as major U.S. airlines failed in an attempt to increase prices on domestic routes by as much as $16 on roundtrip tickets after some airlines refused to match higher prices.
American Airlines announced on Monday, January 25th, that it was discontinuing a price increase initiated last week. Delta dropped their prices even before Americans action, with Continental and United reducing their prices as well.
Increasing airline ticket prices can be difficult. Higher fares usually drop if one or more major airlines decide not to match increased prices because airlines dont want to lose customers or gain a reputation as being a high priced (relative to competing airlines) carrier.