Fred Business News - Fewer people will fly this summer, according the Air Transport Association, and those who do should expect higher fares and crowded flights.
"I think that a rise in fares is inevitable," said James May, president of the industry group ATA, speaking at a press conference in
May blamed soaring fuel prices. The ATA estimates that jet fuel costs will rise to a record-breaking $59.5 billion in 2008, compared to $41.2 billion in 2007. The cost of fuel currently makes up ... more »
