Not exact matches
As
jet fuel costs
rise in accordance with oil
prices — and already
fuel has overtaken labour as airlines» biggest expense — air travel could risk becoming unaffordable for the average person.
So although the air travel industry faces two huge challenges — the
rising price of oil, and the environmental impact of the roughly 1.5 billion barrels of
jet fuel that the airline industry burns through each year — the solutions are likely to be all but invisible.
Since January alone, the
rise in the
price of
jet fuel from 70 cents a litre to 90 cents has taken $ 200 million off the company's bottom line on an annual basis, according to Robert Palmer, a spokesman for WestJet.
«Not only is the consumer going to be paying more for their gasoline but for airline tickets... The
price of both
jet fuel and diesel
fuel continue to
rise.»