Overseas property news - Airlines begin rolling back fare hikes

Airlines begin rolling back fare hikes

Airline travelers are finally catching a break. Even though the government is taxing tickets again, the total cost to consumers is staying about the same.

That's because airlines are rolling back prices to where they were before the government temporarily lost its authority to tax tickets two weeks ago.

The difference can add up. Federal excise taxes, which went back into effect Monday morning, add more than 7.5 percent to the cost of a flight.

Southwest Airlines Co. and its AirTran Airways subsidiary lowered fares Sunday night and were matched by Delta Air Lines Inc., AMR Corp.'s American Airlines, JetBlue Airways Corp. and others.

Source: News.Yahoo.com

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