Mitchell's Outlook: Airfares Stabilize, Routes Disappear, Fees Are Here to Stay

Mitchell's Outlook: Airfares Stabilize, Routes Disappear, Fees Are Here to Stay

One silver lining to the dark economic cloud is that the growing credit crisis and resulting travel cutbacks at many companies is likely to end the upward creep in airline fares, says Kevin Mitchell, chairman of the Business Travel Coalition, a Radnor, Pa., organization seeking to influence policy on issues affecting business travelers.

“In 2008, they [airlines] hoped to cut capacity 10 percent while raising prices 20 percent. The problem is, very few people are buying at those prices

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