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Originally published July 12, 2012 at 2:54 PM | Page modified July 14, 2012 at 11:46 AM

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Have airfares taken off? Here's your answer

The price of airline tickets rose measurably in the first half of 2012, an industry group reports. Surprise: Travel is down.

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They have to charge extra. For the aggravation factor. I'd rather ride a Metro bus... MORE
Bleep, I agree with you. On a Metro Bus you can always get off within a minute or two... MORE
If you don't like flying, nothing prevents you from walking instead. MORE

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NEW YORK — An industry group says the price of airline tickets rose 5.5 percent during the first half of this year.

The Airlines Reporting Corp., which handles financial settlements between the airlines and third parties who sell tickets, said that January-June airfares are now 13 percent higher than they were just two years ago.

Airlines have been cutting flights and raising fares in an effort to be more profitable and offset the cost of oil.

The number of passengers buying tickets through the 16,000 travel agents working with ARC rose slightly, 0.5 percent from the prior year. Travel, however, is down 1.6 percent compared with two years ago.

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