In a year where most of the world’s airlines have been trying to sell their wares, the United States Airline Pilots Association (UPA) is trying to make its case for why its “Vacation Plan” is more expensive than its competitors.
The UPA is the union representing airlines, and it has been lobbying the Trump administration to make it cheaper to fly.
It has also been pushing for Congress to do something about the price of airline tickets.
On Wednesday, the UPA held a news conference in Washington, DC, that included members of the House and Senate.
“The UPA has called on the Trump Administration to protect American families from the costs of airline travel, including increased costs for air travel,” the union said in a statement.
“Airline members, especially those traveling with young children, should not have to pay higher prices than those of competitors, and that includes JetBlue.”
The UPAs statement did not mention the costs associated with a JetBlue flight, which would have cost between $8,500 and $10,000 if it had been available.
However, according to a new report from The New York Times, that number could be far higher than that.
The newspaper cited an analysis by PricewaterhouseCoopers (PwC), which has been tracking ticket prices for decades.
The study showed that the average ticket price for the first and last week of every month since 2005 is $1,898, compared with $2,828 for the same period in 2016.
“If you’re flying JetBlue on the first or last week, you’re paying $854 for the ticket, which is more than twice the average price,” PwC’s chief economist, Chris Wilson, told the Times.
“That’s not good.”
Wilson is a former president of the American Association of Retired Persons, and he said that the UP’s cost of travel would be “unacceptable” for some members of Congress.
“It’s just not fair for people to pay more than they’re entitled to for the service they provide,” Wilson told the newspaper.
“We’re talking about people who are going to be traveling on planes for the rest of their lives.”
The price hikes could have a dramatic effect on the economy.
According to the National Bureau of Economic Research, the economy could be in for a “lost year” if airlines are forced to charge more than their competitors.
“Our forecast shows that the cost of air travel will rise in 2018, with annual cost increases projected to average 2.1 percent, based on a 1.5 percent growth rate,” NBER Director of Research Joseph T. Stiglitz told the Associated Press.
“These increases would be even greater if the airlines were forced to add costs of their own, which they are not likely to do.”
The cost of a ticket would also affect the value of the airline’s stock.
If the price hikes are made permanent, it could make it harder for airlines to raise capital, which could result in the airlines losing market share.
“Airlines that are losing market shares are less likely to be able to raise new capital because investors have less faith in their ability to raise revenue and operating margins,” said Richard Elliott, an analyst at the New York-based research firm Pivotal Research.
“In short, the stock price of the airlines may be a factor in determining the extent to which they can remain profitable in the future.”