Commercial airline passengers may begin to feel the pinch later this year, as major US airlines expect to raise ticket prices.
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Delta announced that it expects ticket prices to jump as much as 2% in 2017. The airline reported a 37% drop in income in last quarter because of lower fares, a decline in revenue and higher labor costs, CNN reports.
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The four major airlines that control 80% of the domestic market reported lower fares for most of 2016, and executives at Delta, American, United and Southwest are all looking for ways to end the decline.