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Holiday airfares are rising amid record airline profits
Holiday airfares are rising amid record airline profits

The nation's largest airlines are reporting record profits thanks to a stronger economy and declining fuel costs. But don't expect the once-struggling industry to pass its good fortune on to travelers during the upcoming holidays. Instead, airfares are climbing, with six major carriers adopting a price hike just as travelers begin to book their holiday trips. Domestic fares around the Thanksgiving holiday are up 17% over last year, to an average of $467, according to a new study by Expedia.com, one of the world's largest travel sites. Christmas airfares are up 2% to an average of $493, the travel site said. Orbitz.com, another major travel site, estimated that average...

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