Fri, Jul 14, 2006
Fuel Prices Will Force Airlines To Switch To More
We're betting that rising fuel
prices will mean big business for commercial aircraft manfacturers.
That's the word from Boeing, which predicted this week that over
the next 20 years, airlines will rush to replace their older and
less-fuel-efficient planes at a faster rate than ever before.
In fact, Boeing says that in that time, carriers will replace
more than HALF of the existing worldwide fleet -- 9,580 jets, out
of over 17,300. That's an increase of 1,400 planes over Boeing's
forecast last year -- and, it's not hard to see why, with jet fuel
topping record highs in recent days.
Boeing admits, however, that there is a potential flaw in its
reasoning -- and that's if ever-rising airline fares cause the
market to bottom-out, reducing the number of planes needed.
So far, airlines have weathered the added fuel costs relatively
well -- by raising fares to match the rising costs of Jet-A.
Passengers are still packing the planes.
But there may come a price point that will discourage passengers
from flying... and if that happens, Boeing says, all bets are
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