Articles tagged “oil”

Oil Prices Present Unique Challenges for Ultra-Long-Haul Routes

Oil Prices Present Unique Challenges for Ultra-Long-Haul Routes

David Fickling, Bloomberg

Ultra-long-haul routes are expensive to operate for many reasons, and with no layover, it hurts that the aircraft must carry every bit of fuel from first take-off.

5 months ago

European Airlines Among Biggest Losers of U.S. Iran Nuclear Deal Nix

European Airlines Among Biggest Losers of U.S. Iran Nuclear Deal Nix

Chiara Remondini, Bloomberg

Investors aren't predicting a doomsday scenario for airlines from the U.S. decision. But like some other decisions made by President Trump, the travel industry stands to lose the most.

6 months ago

Emirates Is an Airline That Actually Benefits From Rising Oil Prices

Emirates Is an Airline That Actually Benefits From Rising Oil Prices

Christopher Jasper, Bloomberg

It might run counter to the usual narrative but the rising cost of fuel was actually a good thing for Emirates. It helped spur an economic recovery in the Middle East, which meant better load factors and increased yields for the airline.

6 months ago

Houston Hotels Bear Brunt of Hurricane Harvey and Already Weak Oil Markets

Houston Hotels Bear Brunt of Hurricane Harvey and Already Weak Oil Markets

Hui-yong Yu, Bloomberg

Unfortunately for Houston, a natural disaster like Harvey will likely only make things even tougher for its already struggling hotel market.

1 year ago

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.

2 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

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.

3 years 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.

3 years 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.

3 years 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.

3 years 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.

3 years 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.

3 years ago