Fare Increase Revives as Delta Agrees to Hike - TheStreet

Delta Air Lines

(DAL) - Get Report

reinstated a $5 one-way fare increase Tuesday, one day after rescinding it. The move increases the chances that the industry's latest attempt to cover fuel costs with higher fares will succeed.

A Delta spokeswoman confirmed the airline reinstated the increase overnight but declined to say why.

Last Friday,

Continental

(CAL) - Get Report

kicked off the latest round of fare hikes, which most other carriers, including Delta, joined. But

Delta suddenly backed out Monday afternoon, prompting Continental to pull the plug.

Northwest

(NWAC)

later backed out of the increase as well.

With Delta now back in the party, Continental and Northwest have also reinstated the increase, according to spokespeople for both carriers.

In two previous rounds over the past month, U.S. airlines have successfully raised many fares by as much as $40 round-trip. Repeated efforts late last year fizzled.