Latest fare increase fails to hold, many others do

The largest airlines pulled back on another fare increase over the weekend after Southwest and other low-cost carriers failed to match. The industry has largely succeeded in repeatedly increasing fares so far this year, and especially in the last six weeks since fuel costs began to move higher. Read a little more about the latest effort here. 

The apparent ability of the airlines to continue raising fares while not increasing the number of seats for sale during the first quarter is being called "a defining moment" for the industry by some. Have we reached a point where the major U.S. carriers' revenue and profits have really stablized? Read an analysis by Ted Reed of Thestreet.com at this link.