High air fares ex­pected for most of this decade

The Washington Times Daily - - Business - THE ECON­OMY

Air fares are ex­pected to re­main high for most of this decade, ac­cord­ing to a gov­ern­ment fore­cast.

The Fed­eral Avi­a­tion Ad­min­is­tra­tion said Thurs­day it ex­pects air­line traf­fic to dou­ble while ca­pac­ity shrinks. In its an­nual eco­nomic anal­y­sis, the FAA pre­dicted trav­el­ers won’t get much re­lief un­til air­lines start get­ting more com­pe­ti­tion, which is years off.

Air­lines are ex­pected to keep planes fly­ing as full as pos­si­ble, match­ing con­sumer de­mand to avail­able seats.

In the near term, more air­line merg­ers and con­sol­i­da­tion will re­duce the num­ber of cities served as well as the num­ber of flights in the na­tion’s air travel net­work.

The agency fore­casts the num­ber of miles flown by pas­sen­gers to in­crease, from 815 bil­lion in 2011 to 1.57 tril­lion in 2032.


“For any U.S. film com­pa­nies do­ing busi­ness in China, it’s an im­por­tant de­vel­op­ment,” Imax CEO Richard Gel­fond says of the trade agree­ment that will ex­pand the num­ber of for­eign films al­lowed in China.

Dow Nas­daq S&P 500 Rus­sell 2000 12,907.94 2,970.42 1,365.91


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