Airlines' new normal: Higher fares, fewer flights

Airfares rose 22% year-over-year in September, a 10th straight monthly increase, as jet fuel costs soar. American Airlines' fuel bill jumped nearly 70% in Q3, adding $1.9 billion in costs. Southwest and United cut profit forecasts, and Delta expects fuel costs $6 billion higher this year. Airlines are raising fares and adding premium seats to offset expenses.