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FINAL UPDATE: On Monday (Jan. 7), United rolled back the remainder of its hiked airfares. The hike has failed.

UPDATE-4: On Saturday (Jan. 5), United began bailing out of the airfare hike it initiated. As air fare analyst Rick Seaney noted on Sunday, the attempt at raising airline ticket prices “appears to be dead, with over half the original United fares rolled back and likely more to come this evening.”

UPDATE-3: Late Friday (Jan. 4), Delta bailed out of the hike.

UPDATE-2: There has been minimal matching by American Airlines and US Airways.

UPDATE-1: Delta Air Lines has now matched United’s higher ticket prices.

Earlier:

Airfare analyst Rick Seaney has confirmed that United Airlines – in coordination with its fellow Star Alliance member Air Canada – has raised over 1 million fares in a complete, system-wide airfare hike.

2013 Predictions (Yes, More Airfare Hikes)

Hike is Small but Broad

The hike, between $2 and $5 one-way, is the first hike of the New Year. In 2012, there were a total of 15 airfare hike attempts of which seven were successful. In 2011, there were 22 hike attempt, with nine successes.

What Last Year’s Hikes Actually Cost You

Matching by Other Airlines

So far, only Delta has matched United’s hike attempt, and significant matching is essential for a hike to be considered a success. FareCompare will be monitoring the progress of the hike and provide updates as warranted.