Airlines around the world are raising prices for bags and seats, dialing back profit forecasts and openly discussing ways to link up with rivals as the chokehold from war-related fuel costs tightens.
Just in the past few days, United Airlines Holdings Inc. Chief Commercial Officer Andrew Nocella declared the industry in “uncharted territory,” while Alaska Air Group Inc. dispelled any hope that consumers might enjoy lower fares again anytime soon.
On the more upbeat end of the spectrum, Emirates President Tim Clark said that most people, after all, quickly move on, and that things will swing back to normal soon. ...
