Airlines Raise Fares
Posted on August 20, 2012 at 18:24 PM EDT
United Continental Holdings Inc. (NYSE: UAL) and U. S. Airways Group Inc. (NYSE: LCC) increased airfares after Southwest Airlines Co. (NYSE: LUV) announced a $10 hike on flights that are less than 500 miles each way. Shares of United climbed $1.05 to close at $19.45 while U. S. Airways stock gained 51 cents to close at $10.59. Southwest stock rose 31 cents to close at $9.44.
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