Vol. 235 No. 7      One Dollar   Thursday, February 9, 2012                  Breaking News and Commentary
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Oil prices affect airport industry  
Thu, Nov 04, 2004
Source UPI

NEW YORK -- Fitch Ratings said Wednesday the surge in oil and jet fuel prices exacerbate the economic environment facing the U.S. aviation industry.

Oil prices have increased to roughly $50 per barrel from $30 a barrel in October 2003.

Commensurately, jet fuel has increased about 90 percent to roughly $1.65 a gallon in recent weeks from 86 cents a gallon in November 2003.

Higher jet fuel costs are weakening most of the major U.S. air carriers, because jet fuel is the second largest expense behind labor costs.

Copyright 2004 by United Press International

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Washington Times World
Thu, 09 Feb 2012 14:24

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NYT Opinion
Thu, 09 Feb 2012 14:24
Whatever Michael Moore can do in "Fahrenheit 9/11,"John Ashcroft can do more often with his apocalyptic press conferences.
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