JmhLUV2fly From United States of America, joined Dec 1999, 559 posts, RR: 0 Posted (14 years 8 months 2 weeks 6 days 9 hours ago) and read 657 times:
I was wondering how much of an impact the recent rise in the cost of oil and inturn fuel, will have on the airline industry? Does anyone forsee an increase in airline ticket prices in the next 4 to 5 months?
AA737-823 From United States of America, joined Mar 2000, 5913 posts, RR: 11
Reply 2, posted (14 years 8 months 2 weeks 6 days ago) and read 620 times:
I don't know how much airlines pay for fuel, but Continental announced yesterday- or the day before- that their fare prices were going up as much as FORTY DOLLARS for each ticket. Doesn't sound very FARE to me! Sorry, couldn't resist.
Iahcsr From United States of America, joined Jun 1999, 3461 posts, RR: 42
Reply 3, posted (14 years 8 months 2 weeks 3 days 23 hours ago) and read 615 times:
As of 29 Feb of this year, CO paid $.88/US Gallon for jet fuel. A year ago, that fugure was $.36 . That is a direct quote from CO's CEO. Another quote is that for every $1.00 increase in the cost of oil, CO's yearly fuel costs go up $40 million. I would think the numbers for most other airlines are similar.