Business Services Industry

Jet fuel on the fire.

Australasian Business Intelligence, July, 2005

Jul 21, 2005 (The Bulletin - ABIX via COMTEX)

Airlines are preparing themselves for even higher fuel prices. Giovanni Bisignani, the head of the International Air Transport Association, is very pessimistic about the impact of high fuel prices on airlines. For him, it is the "apocalypse". Warren Bennett, executive director of the Board of Airline Representatives of Australia, says that if the price of oil rises to $US100 a barrel, airlines will have to cancel certain destinations and reduce frequencies of flights. However, Qantas is well prepared for oil price shocks, thanks to strong margins and fuel hedging.

Publication Date: 26 July 2005

BOARD OF AIRLINE REPRESENTATIVES OF AUSTRALIA 

INCORPORATED:

INTERNATIONAL AIR...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement