30th October 2009

Airlines Concerned Over Rising Costs

posted in Car Rental |
The new traffic results, which were just recently released by the International Air Transport Association, show that passenger demand remains down year on year. However, the bad news for airlines is that their costs have risen. Airlines from all over the world, including many in the UK, have cut their capacity in order to try to meet demand. However, this has led to aircrafts flying less hours, leading to a rise in non-fuel costs. On top of this, the price of fuel is also on the rise. Oil prices have rose to $75 per barrel in September. This is compared to [...]
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