Airfares may drop after N.Y., D.C. flight slot auctions, experts say

11/1/2011 | Bloomberg

The entry of either Southwest Airlines or JetBlue Airways into LaGuardia Airport in New York City and Reagan National Airport near Washington, D.C., may cause a drop in fares, experts say. "The additional capacity, and the tradition for lower fares, will cause a drop in the prices consumers pay for the new destinations," airline consultant Jay Sorensen said. Southwest and JetBlue constitute the leading bidders in an auction scheduled for this month over flight slots discarded by Delta and US Airways.

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