High Fares To Cut Into Summer Air Travel

Fewer passengers will fly, but planes will still be crowded

NEW YORK - Fewer people will fly this summer, according the Air Transport Association, and those who do should expect higher fares and crowded flights.

"I think that a rise in fares is inevitable," said James May, president of the industry group ATA, speaking at a press conference in Washington, D.C. Tuesday.

Korea

Korea's budget airline market getting crowded

Korea's two largest airlines have joined the low-cost carrier business, with Korean Air having founded Air Korea and Asiana Airlines having bought a controlling stake in Pusan International Air, which has launched budget carrier Air Pusan.