Airfares on average are among their lowest in years, but as airline losses mount, how long can the discounts last?

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Since before the COVID-19 pandemic, airline passengers have enjoyed low average fares as airlines wooed them back after a near shutdown of the industry. But now, discounts are taking a toll on the …

Low-cost air carriers, including Avelo and Spirit Airlines are shown on an arrivals board at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale on Thursday, Nov. 2, 2023. For air travelers, fare wars are a good thing. But as discounting continues to sweep the industry, airlines are getting a little edgy as many are reporting losses for the third quarter of this year.

Southwest Airlines, which posted a profit that was 30% below last year’s third quarter, announced changes in its route system starting in June 2024. The plan includes the shift to Orlando of “Southwest has been very aggressive so far this fall in offering a number of fare sales sometimes with flights starting as low as $29,” Harteveldt said.

A JetBlue airliner flies past a Spirit Airlines jet at Fort Lauderdale Hollywood International Airport. JetBlue’s proposed buyout of Spirit is now on trial in a Boston federal court. Joe Cavaretta/South Florida Sun Sentinel The deal followed another by JetBlue that would shift Spirit’s holdings at New York’s LaGuardia Airport to Denver-based Frontier.

 

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