Articles tagged “fuel”

Complaints About High Airfares Led Indonesia to Lower Jet Fuel Prices

Complaints About High Airfares Led Indonesia to Lower Jet Fuel Prices

Eko Listiyorini, Bloomberg

Indonesia President Joko Widodo threatened the state energy company that he would let private companies enter the market if it didn't lower fuel prices to an acceptable level. That threat seemed to have helped.

5 months ago

Top 10 Airline Developments in 2018

Top 10 Airline Developments in 2018

Jay Shabat, Skift Airline Weekly

The year 2018 was a good one collectively for the world’s airline industry. It can thank, among other things, robust premium demand on long-haul routes.

7 months ago

Airlines Research Animal Fat as Sustainable Alternative to Fossil Fuels

Airlines Research Animal Fat as Sustainable Alternative to Fossil Fuels

Samuel Robinson, Bloomberg

Airlines may want to cut fuel costs first and foremost, but reducing their carbon footprint is increasingly important as well.

8 months ago

New Jersey Lawmakers Threaten United With New Fuel Tax at Newark Airport

New Jersey Lawmakers Threaten United With New Fuel Tax at Newark Airport

Elise Young, Bloomberg

This is not ideal for United, and it would probably be best if legislators didn't use one of the state's largest employers as a piggy bank. United has been threatening to reduce flights in Newark if this becomes law, but that seems like an idle threat. United is not going to de-hub its operation in the nation's biggest market.

10 months ago

Record Profits Can’t Stop Qantas Investors Fretting About Rising Fuel Prices

Record Profits Can’t Stop Qantas Investors Fretting About Rising Fuel Prices

Angus Whitley, Bloomberg

Announcing record profit should please investors, right? Well, yes, but they've always got an eye on the future, and with fuel prices rising, times are going to get tougher for airlines like Qantas.

11 months ago

Fuel Hedging Was a Bad Bet for U.S. Airlines in the First Quarter

Fuel Hedging Was a Bad Bet for U.S. Airlines in the First Quarter

Robert Tuttle, Bloomberg

Alaska and Southwest did what many considered to be the prudent thing and hedged a lot of their fuel purchases, but they are now paying higher prices than airlines that didn't hedge. That's how hedging goes, but it's often better to be safe than sorry.

1 year ago

Asian Airlines Are Still Soaring Despite the Oil Price Spike

Asian Airlines Are Still Soaring Despite the Oil Price Spike

Dong Lyu, Kyunghee Park and Anurag Kotoky, Bloomberg

Airline executives say that Asian carriers can withstand the recent jump in oil prices without financial turbulence. Let's hear it for today's more fuel efficient aircraft.

1 year ago

New Zealand Flight Disruptions Ease as Pipeline Repair Stems Fuel Shortages

New Zealand Flight Disruptions Ease as Pipeline Repair Stems Fuel Shortages

Nick Perry, Associated Press

Vacation-planning and business travel can soon get back to normal now that a 10-day fuel crisis has been abated with a pipeline repair. Airlines using Auckland Airport had been supplied with just about 30 percent of their usual fuel allotments.

2 years ago

New Zealand Flights Cancelled Because of Fuel Shortage

New Zealand Flights Cancelled Because of Fuel Shortage

Tracy Withers, Bloomberg

This whole airline business can be a rough thing. Airlines flying through New Zealand are cancelling flights or rerouting them because of a fuel crunch, meaning they will have to be very nimble with their schedules in the next few days.

2 years ago

Big U.S. Airlines Realize They Missed a Shot at Cheapest Jet Fuel Prices in 12 Years

Big U.S. Airlines Realize They Missed a Shot at Cheapest Jet Fuel Prices in 12 Years

Robert Tuttle, Bloomberg

What was American's CEO saying about perpetual profits this week? Not if you miss out on chances like this.

3 years ago

Cheap Gas Means the Return of the Great American Road Trip

Cheap Gas Means the Return of the Great American Road Trip

Scott Mayerowitz, Associated Press

We said in January this would be a great time for road trips. And it will be a great time for mid-priced hotels, too.

3 years ago

U.S. Airlines Are Replacing Old Planes With Second-Hand Jets

U.S. Airlines Are Replacing Old Planes With Second-Hand Jets

Julie Johnsson and Mary Schlangenstein, Bloomberg

Buying used gives airlines an edge with aircraft makers looking for higher prices on new jets, too. And since airlines finally have some cash in the bank to play around with they have a greater freedom to make deals that are right for them.

3 years ago