According to the International Air Transport Association, the number of first-class passengers fell by 16.7 percent in January. This contributed to a 25 percent loss in revenue for the airlines.
But if you’re flying anytime soon, that’s good news – because carriers are slashing first-class ticket prices to lure back customers. Discounts of up to 84 percent on premium fares are not uncommon. And the price of at-the-airport upgrades, which used to run $500 to $1,000, have dropped by up to 90 percent.
But you’d better hurry. Some airlines are replacing the premium seats on their planes with economy class, which hasn’t seen as much of a drop in business.
(Source: The Wall Street Journal and Associated Press)
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