airfares going up

The price of a plane ticket is heading sharply higher. That's because airlines face steeper fuel costs and continue to cut capacity to keep profits from falling. You can still find some relative bargains, but it's going to take a lot more planning ahead.

The party may be over. This week, the airlines raised airfares by as much as $10. The way this usually works is one carrier raises fares and if its rivals match it, the higher rates stick. In this case, American Airlines was the first to increase fares by $5 each way or $10 round-trip for flights...