Airlines try to fill seats by slashing fares

After steadily increasing fares for the past two years, airlines are reducing ticket prices in an attempt to fill planes. Travelocity estimates a 40% drop in airfares for the most popular routes from their peak in June 2008. "I don't remember a year other than 2001 that we've seen this kind of commotion in airfares," says Tom Parsons, CEO of

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