Friday, May 4, 2007

UPDATE 1-Continental Airlines raises U.S. fares $5

(Reuters) - Continental spokeswoman Julie King said the No. 4 U.S. carrier made the move to offset the rising price of jet fuel, which vies with labor as an airline's biggest expense.

A penny rise in the price per gallon of jet fuel adds about $18 million to Continental's cost over the course of a year, she said.


Read more at Reuters.com Market News

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