Airfares: Book those summer flights now

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Delta's chief says fares need to rise by up to 20 percent to cover the increased cost of buying jet fuel, reports the AP. Southwest is the only major airline not to have lost millions of dollars in the past few months.

Fares may jump considerably soon--long before any major airline mergers are completed. If you're planning to buy summer tickets, what are you waiting for?

UPDATE Apr. 25: It's starting already! Yet another uptick in prices: "United Airlines, the second-largest U.S. carrier, raised most domestic airfares by 3 to 5 percent Thursday as it struggles to cope with soaring fuel costs," reports the AP.

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