NEW YORK - Three major U.S. airlines have raised round-trip fares in the United States by up to $60 as they struggle with record oil prices, which have roughly doubled in the past year.
A spokeswoman for United Airlines, owned by UAL Corp, said round-trip fares would rise between $10 and $60 to offset rising fuel costs.
A spokeswoman for Delta Air Lines Inc and a spokesman for AMR Corp's American Airlines said their companies had matched United's fare hikes of up to $60 round-trip.
"We are bleeding here," said American Airlines spokesman Ned Raynolds. "It's a survival battle at this point. We are the only major carrier never to have been in bankruptcy and we want to keep it that way."
AMR Corp Chief Executive Gerard Arpey said on Wednesday the airline industry as it was presently constituted could not withstand oil prices at $125 a barrel.
Crude oil futures were trading over $131 on Friday.
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