Airlines Prepare to Raise Fares Before the Holidays

US Airways (NYSE:LCC) and Delta Air Lines (NYSE:DAL) are raising fares on many U.S. flights by up to $10 per round trip. This is the latest attempt by airlines to boost revenue during a normally slow time of year for travel. The US Airways increase appeared to target business travelers.

American Airlines (NYSE:AMR), Southwest (NYSE:LUV) and JetBlue (NASDAQ:JBLU) said they had not matched the increases but American said it was considering whether to match the increase. Airline officials have said that demand among corporate travelers has been holding up better than leisure travel because vacationers are more sensitive to small increases in price. Airlines have been able to boost prices partly by limiting the number of flights and available seats. Rollbacks happened at U.S. airlines with about ten previous attempts at fare hikes because typical low-cost carriers such as Southwest or JetBlue declined to go along.

“Higher fares helped most airlines earn money in the third quarter. Delta (NYSE:DAL) and United Continental Holdings Inc (NYSE:UAL) earned more than $500 million each in the third quarter, although American Airlines parent AMR Corp. and Southwest Airlines Co. lost money,” according to Yahoo Finance.

Here’s how airline stocks are trading:

  • US Airways Group, Inc. (NYSE:LCC): The shares recently traded at $5.61, up $0.33, or 6.25%. Its market capitalization is $909.45 million. They have traded in a 52-week range of $4.53 to $12.26. Volume today was 8,596,226 shares versus a 3-month average volume of 7,702,560 shares. The company’s trailing P/E is 11.18, while trailing earnings are $0.50 per share. About the company: US Airways Group, Inc. is an air carrier that transports passengers, property, and mail. The Company provides regularly scheduled service at airports in the United States, Canada, Europe, the Caribbean, and Latin America. Get the most recent company news and stock data here >>
  • Delta Air Lines Inc. (NYSE:DAL): The shares recently traded at $8.30, up $0.05, or 0.61%. Its market capitalization is $7.03 billion. They have traded in a 52-week range of $6.41 to $14.54. Volume today was 13,038,142 shares versus a 3-month average volume of 14,053,700 shares. The company’s trailing P/E is 15.66, while trailing earnings are $0.53 per share. About the company: Delta Air Lines, Inc. provides scheduled air transportation for passengers, freight, and mail over a network of routes throughout the United States and internationally. Get the most recent company news and stock data here >>
  • AMR Corporation (NYSE:AMR): The shares recently traded at $2.60, up $0.11, or 4.42%. Its market capitalization is $871.59 million. They have traded in a 52-week range of $1.75 to $8.98. Volume today was 5,999,085 shares versus a 3-month average volume of 12,819,400 shares. The company’s trailing earnings are $-2.93 per share. About the company: AMR Corporation operates an airline that provides scheduled passenger, freight, and mail service throughout North America, the Caribbean, Latin America, Europe, and the Pacific. The Company also provides connecting service throughout the United States, Canada, and the Caribbean. In addition, AMR provides aviation services, call center management services, and investment advisory services. Get the most recent company news and stock data here >>
  • Southwest Airlines Co. (NYSE:LUV): The shares recently traded at $8.59, up $0.11, or 1.3%. Its market capitalization is $6.69 billion. They have traded in a 52-week range of $7.15 to $14.32. Volume today was 8,033,635 shares versus a 3-month average volume of 12,013,100 shares. The company’s trailing P/E is 43.83, while trailing earnings are $0.20 per share. The company pays a dividend of $0.02 per share for a dividend yield of 0.20%. About the company: Southwest Airlines Co. is a domestic airline that provides primarily short-haul, high-frequency, point-to-point service. The Company offers flights throughout the United States. Get the most recent company news and stock data here >>
  • JetBlue Airways Corporation (NASDAQ:JBLU): The shares recently traded at $4.45, up $0.16, or 3.73%. Its market capitalization is $1.32 billion. They have traded in a 52-week range of $3.49 to $7.60. Volume today was 4,097,017 shares versus a 3-month average volume of 4,792,430 shares. The company’s trailing P/E is 18.39, while trailing earnings are $0.24 per share. About the company: JetBlue Airways Corporation provides nonstop passenger flight service through its Airbus A320 aircraft. The Company’s airline is based in New York’s John F. Kennedy Airport and currently flies to various destinations in the United States. Get the most recent company news and stock data here >>
  • United Continental Holdings (NYSE:UAL): The shares recently traded at $18.85, up $0.04, or 0.21%. Its market capitalization is $6.24 billion. They have traded in a 52-week range of $15.92 to $29.59. Volume today was 3,918,976 shares versus a 3-month average volume of 6,595,320 shares. The company’s trailing P/E is 10.83, while trailing earnings are $1.74 per share. About the company: United Continental Holdings Inc. is an airline holding company. The Company owns and operates airlines that transports persons, property and mail throughout the United Statesand abroad. Get the most recent company news and stock data here >>