Check the latest weekly average jet fuel price by region, courtesy of Oil Price Information Service. For historical data or for more information about energy-related matters, please visit the energy/fuel section of the ATA Web site.
A proposal to regulate derivatives trading could make fuel prices more predictable for airlines, according to ATA President and CEO Jim May. The measure, which calls for the creation of a derivatives exchange, would help increase transparency in the oil market, he explains.
United Airlines Capt. Bob Russo says it will be "a tremendous honor" to be at the controls of the carrier's final Boeing 737 flight, scheduled to land tonight at San Francisco International Airport. United is retiring the workhorse 737 as it shifts to newer, more fuel-efficient aircraft. Analysts say the move mirrors a broad trend throughout the industry.
Because there is an abundance of job candidates, employers have gotten too picky and are only willing to hire the "perfect" applicant, Guy Nadivi writes. This is a mistake because these candidates often cost more to hire, are easily bored and will jump ship when another opportunity comes along, he writes.
Air Transport Association President and CEO James May is calling on Congress to fully close trading loopholes, blaming market speculators for recent surges in oil prices. The $10 increase in the price of oil on Friday means airlines will face more than $4 billion in increased jet fuel costs, according to ATA. May called the fuel prices "an economic crisis of epic proportions." Carriers have already shed jobs and cut capacity as part of an effort to offset the higher fuel costs. Some analysts expect more capacity cuts and possible bankruptcy announcements.