FlyerTalk Forums - View Single Post - Tomorrow is [2-Sep-2008], massive ramp down of domestic schedule
Old Sep 2, 08, 9:04 am
  #13  
From NYC
 
Join Date: Dec 2004
Location: NYC
Programs: CO Plat, Starwood Plat, Hyatt Plat, Hilton Diamond, CO Pres. Plus, Hertz #1 Gold
Posts: 1,175
And, interestingly, the price of jet fuel has gone down about $1.00/gallon, or about 23%, since July, according to an article in today’s NY Times:
http://www.nytimes.com/2008/09/02/bu...l?ref=business

“The average price for jet fuel last week was $3.32 a gallon, according to the Department of Energy.

The price of jet fuel peaked in July at $4.27, prompting airlines to take a series of drastic measures that are affecting travelers.“

Of course, it’s also presently more than $1.00 higher than it was post-Katrina, 3 years ago, when it jumped up to $2.42/gallon, a spike of about 50 cents from before it hit New Orleans and the Gulf.

So, depending on how CO hedged fuel prices a short while ago, this drop in the price of jet fuel may mean very little to CO.

Last edited by From NYC; Sep 2, 08 at 11:34 am Reason: Because
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