uwaah-info

Air Canada and West Jet, two of the largest airlines in Canada, are lowering airfares a little. These steps have been taken after commuters resisted increase in airfares.
According to the airlines industry, this would mean attractive airfares this autumn and winter in view of a possible softening in oil prices.
Last month, both the top airlines saw unutilized capacity, as a result of continuous hike in airfares. Increase in prices of air tickets has reached such a limit, that now it has affected demand.
Climbing fuel expenses has been the main reason for the increase in airfares.
According to the Raymond James, domestic airfare index, bookings for lowest airlines tickets on June 15th for travel 42 days later, fell by an average of 2% as compared to last year. This has been attributed to a series of increases in airfares, to cover rising oil prices.
However, experts believe that a fall in fuel prices, to the extent of $10 a barrel, is expected in the second half of 2011, and will make up for the shortfall in earnings, from lowering of airfares.