Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
It is hardly news to anyone who has traveled by air in the US over the past year that rising oil prices are wreaking havoc on the airline industry. However, it is not generally appreciated how bad things really are, how fast and drastically the situation is worsening, or what may lie ahead in terms of airline economics and policy-including a drastic restructuring of the industry and possible federal re-regulation.
Jet fuel costs are increasing faster than oil prices, having more than tripled in five years, and are forecast to increase by another 50% in 2008. In 2002, US airlines spent $13 billion on aviation fuel; in 2008 they will likely spend in excess of $61 billion, Fig. 1.
Historically, airline fuel costs represented about 15-18% of total operating costs-a distant second to labor costs, which accounted for 25-30% of total costs.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
New Delhi - January 11-14
Muscat - January 26-29
Bogota - January 28-29
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.