Cheaper fuel helps lower airlines' overall cost index
Airlines' composite costs fell 29% in the second quarter, due mainly to a 36% plunge in fuel prices, according to figures from the Air Transport Association. Lower fuel prices helped to offset increases in other areas, including labor costs (up 6%), aircraft insurance (24%) and landing fees (7%). "Carriers are demonstrating tremendous cost discipline in the face of a weak demand environment and continuing fuel-price volatility," noted ATA's chief economist.
Tulsa World (Okla.)
| 11/4
This story published in AIA dailyLead® on 11/05/2009
Get stories like these delivered daily for FREE:
|
AIA dailyLead®
Designed specifically for executives like you in the aerospace industry, AIA dailyLead® is a FREE daily e-mail newsletter. It provides the latest need-to-know news and industry information that maximizes your time, giving you an edge over your competition. Learn more |
|