Reported by Star-Bulletin staff & wire
Wednesday, May 22, 1996
Reported by Star-Bulletin staff & wire
Wednesday, May 22, 1996
Under the so-called code-sharing agreement, Delta beginning June 1 will buy seats on Korean's daily flights from Honolulu to Seoul and on four weekly flights from Washington, D.C., to New York and then Seoul, Delta said.
Korean Air will purchase seats on Delta's daily flights from Honolulu to Los Angeles.
The action is an expansion of a previously announced code-sharing agreement.
The national average price for unleaded regular gasoline was $1.284 a gallon yesterday, down from $1.285 a gallon Monday, which was down from $1.288 a gallon Friday, according to a daily survey by the U.S. Energy Information Administration. This further supports views within the industry that retail gasoline prices are starting to moderate, a couple of weeks after wholesale prices began to soften.
Retail gasoline prices "appear to be leveling off," said Mike Morrisey, spokesman for the American Automobile Association. "The worst of the spring increases are over."
Gasoline prices had been steadily rising, due to a combination of higher crude oil prices, leaner refiner inventories, and higher seasonal pricing. Pump prices eventually reached their highest levels since the 1991 Gulf War.