Delta Raising Cap on Most Expensive Fares

Atlanta-based Delta boosted the cap on one-way walk-up fares to $599, up from $499, for economy class and to $699 for first class.


Delta shares rose 61 cents, or 17.7 percent, to close at $4.05 on the New York Stock Exchange. AMR shares rose $1.08, or 8.4 percent, to finish at $13.87 on the NYSE, while shares of Continental Airlines Inc. gained 59 cents, or 4 percent, to $15.35. Northwest shares rose 31 cents, or 6.6 percent, to end at $5 on the Nasdaq Stock Market.

We Recommend

  • News

    Delta Lifts Price Cap on Business Fares

    Delta Air Lines raised the price cap on its most expensive fares Thursday, ending a six-month experiment with lower business fares that most competitors reluctantly matched.

  • News

    Northwest Raises Business Fares by $50

    Northwest Airlines Corp. complained the loudest when Delta Air Lines Inc. capped many of its one-way fares at $499 in January. And on Friday, Northwest was the one to try to push those fares higher.

  • News

    Airline Fare Increases Continue at Major Carriers

    Some fares at the major airlines have been creeping up in recent months largely because of high fuel prices.

  • News

    Competitors Match American Fare Increase

    A fare increase launched by American Airlines appeared to stick on Friday, as Northwest Airlines Corp., Delta Air Lines Inc., and Continental Airlines Inc. said they, too, would raise fares in most...