ATLANTA -- Southwest Airlines set off a near-industrywide price increase Friday when it hiked fares for short-route flights traveling less than 500 miles each way by $10 per round trip, the Associated Press reports.
The fare increase will affect about a third of all flights at Southwest, the second-largest carrier at Philadelphia International Airport, AP reports. Following Southwest's announcement, United Airlines, Atlanta-based Delta Air Lines and American Airlines all made similar increases.
Southwest says it is trying to recover its swelling operating costs, which increased by 6 percent during the second quarter, AP reports. Delta has bought the former ConocoPhillips refinery in Trainer, Pa., in an attempt to get better control of its fuel costs.
(Atlanta Business Chronicle)