Yes, it's hard to believe, but after many months of announcing one fee on top of another and listening to airlines tell us to just deal with it, there has been a crack in their endless stream of price hikes! Several major airlines instituted a $20 fare increase on Saturday only to roll it back on Monday, and the airlines are wondering if the initiative's failure to stick means passengers have less demand for flying than in recent months.
They're concerned that we're fed up with the amount of money it now costs to travel by plane, which would be terrible news for the carriers because gas isn't getting any cheaper. Graeme Wallace of FareCompare.com commented on the significance of this news saying, "This could be the first sign that demand is softening. Up until now, the [airlines'] statements have been that they expect demand to stay high."