If you thought lower fuel prices would lead to lower airfares, think again.
It appears after all the recent consolidation, airlines have gained pricing power, at least somewhat.
According to new reports, U.S. airlines have raised domestic one-way fares by $2 on average since Thursday, marking the first industry-wide increase in half a year.
Read More U.S. airlines raise fares by $2 on average
However, just because airlines raised fares this week doesn't mean it will necessarily happen again next week, or even next month.