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Articles tagged “oil”

Airline Earnings to Near $40 Billion Thanks to Cheaper Oil and Slowing Passenger Demand

Airline Earnings to Near $40 Billion Thanks to Cheaper Oil and Slowing Passenger Demand

Christopher Jasper, Bloomberg

It's not just lower oil prices that are behind lower airfares consumers may see. Recent consolidation between airlines across the world is is also helping this along, says IATA CEO Tony Tyler.

6 months 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.

7 months ago

Airlines Are Becoming Rational Businesses and Passengers Are Benefiting

Airlines Are Becoming Rational Businesses and Passengers Are Benefiting

Marisa Garcia, Skift

The level of profitability revealed in the latest BTS report is leaves the Big 3 U.S. airlines room to improve their in-flight products and passenger services, without breaking the bank. But they have achieved this profitability in large part by becoming better businesses. If they are to stay profitable when the next inevitable industry downturn comes, they will need to keep improving their retail models.

7 months ago

Air France CEO: Benefits of Cheap Fuel Threatened by Political Instability

Air France CEO: Benefits of Cheap Fuel Threatened by Political Instability

Richard Weiss, Bloomberg

Air France is also under threat from its own management missteps and inability to sort its labor relations.

11 months ago

Airline Fuel Surcharges Are Going Away in Japan as Long as Oil Stays Low

Airline Fuel Surcharges Are Going Away in Japan as Long as Oil Stays Low

Chris Cooper and Kiyotaka Matsuda, Bloomberg

We dream of a day when the true cost of flying is not made opaque by multiple fees designed to sow confusion and avoid taxes.

11 months ago

U.S. Airlines Bet on Long Oil Slump After Millions Lost to Hedging

U.S. Airlines Bet on Long Oil Slump After Millions Lost to Hedging

Robert Tuttle, Bloomberg

Hedging fuel costs may be one of the toughest parts of the airline industry. Delta, for example, took nearly $2 billion in hedging losses in the first three quarters of 2015. The problem, though, is that given the turmoil in the world these days, these low oil prices are going to burn up eventually.

1 year ago

India’s Government Thinks That the Cheapest Market for Flying Is Too Expensive

India’s Government Thinks That the Cheapest Market for Flying Is Too Expensive

Anurag Kotoky, Bloomberg

Thank you Indian politicians for making all other politicians appear to have a mastery over transport and travel.

1 year ago

Croatia Doesn’t Know if It Should Bet on Oil or Tourism

Croatia Doesn’t Know if It Should Bet on Oil or Tourism

Dusan Stojanovic and Darko Bandic, Bloomberg

It can't choose both.

2 years ago

Investors Are Worried About U.S. Airlines, Despite Cheap Oil

Investors Are Worried About U.S. Airlines, Despite Cheap Oil

Mary Schlangenstein, Bloomberg

U.S. airlines need to rely on a better revenue model than crossing their fingers and hoping fuel prices drop.

2 years ago

U.S. Motorists May Save $75 Billion on Gas Next Year

U.S. Motorists May Save $75 Billion on Gas Next Year

Mario Parker, Bloomberg

Great news for road trippers, the RV industry, and commuters. Bad news for states and countries that have based their economies on oil.

2 years ago

Airlines Are Already Banking on a Stellar 2015, Thanks to Oil Prices

Airlines Are Already Banking on a Stellar 2015, Thanks to Oil Prices

Andrea Rothman and Simeon Bennett, Bloomberg

Meanwhile, consumers are wondering when those fuel surcharges are going to disappear from the price of their ticket.

2 years ago

Turkish Airlines Shares Rise as Oil Prices Drop

Turkish Airlines Shares Rise as Oil Prices Drop

Selcuk Gokoluk, Bloomberg

With the exception of the European airlines that can't figure out their labor issues -- hello Lufthansa and Air France -- we will be reading a variation of this headline for most major air carriers. The smart ones won't get too comfortable, though.

2 years ago