Report: Jet Fuel Prices Lowest Since 1991 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-Unlimited-04.23.24

Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

Thu, Dec 18, 2008

Report: Jet Fuel Prices Lowest Since 1991

Capacity Cuts Have 'Fueled' Supply Glut

Recent capacity cuts by airlines have done more than increase ticket prices. Another result of fewer planes in the air is a growing glut of jet fuel on the market, and falling fuel prices as a result.

And the capacity cutting hasn't ended. The Houston Chronicle reports that even Southwest Airlines, which had outlined a strategy to expand in markets where competitors planned cuts, has cut 32 round trips and added 19 new ones, for a net decrease of 13, starting in May.

US air travel in November was the lowest since 9/11. American Airlines, United and Continental estimate traffic is down 10 percent, exceeding cuts in capacity.

The US Energy Department says jet fuel demand for the four weeks ending December 5 was down 17 percent from the same period last year.

FMI: www.opec.org

Advertisement

More News

Unfortunate... ANN/SportPlane Resource Guide Adds To Cautionary Advisories

The Industry Continues to be Rocked By Some Questionable Operations Recent investigations and a great deal of data has resulted in ANN’s SportPlane Resource Guide’s rep>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

ANN's Daily Aero-Term (04.29.24): Visual Approach Slope Indicator (VASI)

Visual Approach Slope Indicator (VASI) An airport lighting facility providing vertical visual approach slope guidance to aircraft during approach to landing by radiating a directio>[...]

ANN's Daily Aero-Term (04.28.24): Airport Marking Aids

Airport Marking Aids Markings used on runway and taxiway surfaces to identify a specific runway, a runway threshold, a centerline, a hold line, etc. A runway should be marked in ac>[...]

ANN's Daily Aero-Linx (04.28.24)

Aero Linx: The Skyhawk Association The Skyhawk Association is a non-profit organization founded by former Skyhawk Pilots which is open to anyone with an affinity for the A-4 Skyhaw>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC