Uneasy fliers, economic woes portend cheap tickets

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Uneasy fliers, economic woes portend cheap tickets
By Chris Woodyard, USA TODAY

Travel jitters and a poor economy are translating into cheap airfares
around Sept. 11 and beyond, a boon to bargain hunters and a bane to
airlines. The fare-cutting comes amid an industry downturn that could push
more airlines into bankruptcy court.
Already, US Airways has filed, and United Airlines has said a filing is
possible this fall. "The whole month is bad for airlines," says Tom
Parsons, CEO of Bestfares.com. "The deals not only include Sept. 11, but go
past it." Causing trouble for airlines:
Weak bookings. Sept. 11 bookings are off 25% so far from a normal Wednesday
on Orbitz, a top travel-booking Internet site. Some airlines have cut their
flight schedules because of expected low demand that day. Traveler fears. A
Travelocity poll of 1,000 travelers found 20% either are too afraid to fly
or are still nervous about flying nearly a year after Sept. 11.

Fare cuts. The lowest fares were cheaper on Sept. 11 than the week before,
according to a study conducted by FareChase for USA TODAY, on 18 of 20
popular domestic and international routes checked. Prices stay the same or
lower the following week.
While fares are generally cheaper on bookings made further in advance, the
traditional end of the vacation season and a weak economy that has hurt
demand are exacerbating the decline. Although airlines are not holding
official fare sales for the week of Sept. 8, "There's definitely the
opportunity to get a low fare," says Mike Sands, Orbitz's chief marketing
officer. Low fares are contributing to airline industry losses expected at
upward of $6 billion this year. To eke out more revenue, airlines such as
US Airways have tightened restrictions on cheap tickets. And United
announced new steps Thursday that include higher prices for class upgrades
and additional charges for paper tickets. United said it will stop issuing
paper tickets in the USA by July 2003 and issue only electronic tickets by
January 2004.

Sept. 11 is expected to be such a slack travel day that two small carriers,
Spirit and National, gave away or charged $1 for tickets that day. Fear of
another attack coupled with the end of vacation season should make for
bargains galore in early fall.
"This is a slow time of year for airlines. You can almost set your watch to
the fare sales they are going to have," says Thom Nulty, president of
travel agency chain Navigant International. Parsons says $198
coast-to-coast round trips are being offered in some markets. Airfares are
cheap, too, to Mexican resorts and Europe.



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courtesy of Roj Trinbago Website & TnT Web Directory
Roj's Trinbago Website: http://www.tntisland.com
TnT Web Directory: http://search.co.tt
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