Originally Posted by exAC
Oil at $65 a barrel today and the premium paid for Jet fuel has been widening even faster than the base price is going up. Load factors in the 90% range means that all airlines can't squeeze any more bodies onboard to pay the difference, so something has to pay the difference.
Look for this to push a couple of airlines over the edge.
I think this more of an airline greed. Don't the airline buy the "futures" contracts for fuel? So why should pax be slapped with instanteneous hike in fuel surcharge. I think fuel surcharges should be phased in gradually, possibly tied to the oil price.