Skies look good from the road
By Trebor Banstetter
KNIGHT RIDDER NEWS SERVICE
May 2, 2006
FORT WORTH, Texas – Travelers might want to do one last thing before they pack up the car for the annual road trip this summer: Check airfares.
With gas prices topping $3 per gallon, airline executives say they've seen a recent boost in fliers who otherwise would have driven, particularly on shorter routes with competition from discount airlines.
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If expensive gas sends more travelers to the airport instead of the highway, it would be a rare positive development for the airline industry, which has spent billions of additional dollars on jet fuel over the past few years thanks to high oil prices.
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To be sure, fares aren't as cheap as they were a year ago because rising jet fuel prices have spurred the airlines to increase prices several times in recent months. But on competitive routes, airline fares are still low enough to make motorists take a second look.
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For example, someone planning a round trip from Fort Worth to St. Louis could expect to spend about $150 on gas driving a vehicle that gets 26 miles per gallon on the highway, such as a 2005 Jeep Cherokee. A driver of a more economical car, such as a 2005 Toyota Camry, would see a gas bill of about $115, while a truck with a robust appetite for gas, like a 2005 Dodge Ram 1500 pickup, would cost about $320 to drive to St. Louis and back. Meanwhile, American Airlines and Southwest are selling round-trip tickets to St. Louis for $98.
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