Cost of fuel
05-15-2009, 12:31 PM
#1
Gets Weekends Off
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Joined APC: Mar 2008
Position: FAA 'Flight Check'
Posts: 13,839
Cost of fuel
I'm watching a show on Discovery Channel about OIL.
One factoid mentioned that 9% of US oil production goes to jet fuel.
The airline industry uses 19 billion gallons a year.
If the cost of oil goes up 0.01 cent - then it increases the airline's operating costs $180 million!
USMCFLYR
One factoid mentioned that 9% of US oil production goes to jet fuel.
The airline industry uses 19 billion gallons a year.
If the cost of oil goes up 0.01 cent - then it increases the airline's operating costs $180 million!
USMCFLYR
05-15-2009, 12:36 PM
#2
Gets Weekends Off
Joined APC: Jun 2008
Position: USAF
Posts: 1,398
I'm watching a show on Discovery Channel about OIL.
One factoid mentioned that 9% of US oil production goes to jet fuel.
The airline industry uses 19 billion gallons a year.
If the cost of oil goes up 0.01 cent - then it increases the airline's operating costs $180 million!
USMCFLYR
One factoid mentioned that 9% of US oil production goes to jet fuel.
The airline industry uses 19 billion gallons a year.
If the cost of oil goes up 0.01 cent - then it increases the airline's operating costs $180 million!
USMCFLYR
I wonder if oil went down 0.01 would they suddenly have a surplus of $180mil?
Just have to find the right time to hedge.
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