Report: Jet Fuel Prices Lowest Since 1991 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Thu, Dec 18, 2008

Report: Jet Fuel Prices Lowest Since 1991

Capacity Cuts Have 'Fueled' Supply Glut

Recent capacity cuts by airlines have done more than increase ticket prices. Another result of fewer planes in the air is a growing glut of jet fuel on the market, and falling fuel prices as a result.

And the capacity cutting hasn't ended. The Houston Chronicle reports that even Southwest Airlines, which had outlined a strategy to expand in markets where competitors planned cuts, has cut 32 round trips and added 19 new ones, for a net decrease of 13, starting in May.

US air travel in November was the lowest since 9/11. American Airlines, United and Continental estimate traffic is down 10 percent, exceeding cuts in capacity.

The US Energy Department says jet fuel demand for the four weeks ending December 5 was down 17 percent from the same period last year.

FMI: www.opec.org

Advertisement

More News

ANN's Daily Aero-Linx (05.04.24)

Aero Linx: JAARS Nearly 1.5 billion people, using more than 5,500 languages, do not have a full Bible in their first language. Many of these people live in the most remote parts of>[...]

NTSB Final Report: Quest Aircraft Co Inc Kodiak 100

'Airplane Bounced Twice On The Grass Runway, Resulting In The Nose Wheel Separating From The Airplane...' Analysis: The pilot reported, “upon touchdown, the plane jumped back>[...]

Aero-News: Quote of the Day (05.04.24)

"Burt is best known to the public for his historic designs of SpaceShipOne, Voyager, and GlobalFlyer, but for EAA members and aviation aficionados, his unique concepts began more t>[...]

Aero-News: Quote of the Day (05.05.24)

"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]

Read/Watch/Listen... ANN Does It All

There Are SO Many Ways To Get YOUR Aero-News! It’s been a while since we have reminded everyone about all the ways we offer your daily dose of aviation news on-the-go...so he>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC