Oil Prices
-
GBTA Again Cuts 2012 International Travel Forecast
The Global Business Travel Association in its latest quarterly outlook issued Tuesday again revised downward its 2012 international business travel forecast, owing to the ongoing eurozone debt crisis, slowing growth in Asia and high oil prices .<br />
-
Air France-KLM reported a full-year 2011 net loss of €809 million
… 709 million excluding one-time items, dragged down by global economic instability, geopolitical crises and rising oil prices . The aviation group in 2010 achieved a net profit of €289 million. The 2011 operating loss for the passenger business …
-
Lufthansa plans to pass along the cost of the European Union's Emissions Trading Scheme in the form of surcharges
… 15 December 2011 by three to 10 euros," according to the carrier. "In the future, the surcharge will reflect both the price of oil and the cost of acquiring emission rights." Lufthansa estimated the ETS program will add €130 million to its operating …
-
IATA cut to $4 billion from $8.6 billion its 2011 profit forecast for the global airline industry
, citing increasing oil prices . The International Air Transport Association also downgraded by more than a percentage point to 4.4 percent its passenger demand …
-
Morgan Stanley, Goldman Sachs Expect Oil Prices To Head Back North
… BTN , another oil analyst, London-based Shahin Amini of Fox-Davies Capital, said it is difficult to project whether oil prices in the next few months will rise or fall. "There are so many conflicting drivers," he said. "We saw a correction a couple …
-
Airlines Fighting High Fuel Prices With Fare Hikes
On the first business day of the year, West Texas Intermediate crude oil opened at $91.30 on the New York Mercantile Exchange. On the last day of the first quarter, it closed at $106.72 and since has continued its climb. Many U.S. airlines ended 2010 with profits, pricing power and optimism, but
-
Marriott CFO Details Softer-Than-Expected Q1
… have driven someone somewhere else. Have you seen rising oil prices affect travel patterns? Berquist: Not right now we haven ..... but they'll stay longer. By and large, we haven't seen oil prices affect the business today, but we've got to watch it …
-
Rising Oil Prices Prompt Airline Capacity Cuts, Fare Hikes
American Airlines, United-Continental Airlines and Frontier Airlines this month revised downward their 2011 capacity growth plans as crude oil traded above $100 per barrel. The carriers follow Delta Air Lines, which in early February was the first major U.S. airline to curtail 2011 growth plans.
-
Rising Oil Prices Prompt Airline Capacity Cuts, Fare Hikes
… fuel costs abate. Meanwhile, the recent run-up in crude oil prices has helped airlines make the case for higher fares. J.P ..... be flat year over year "due to the uncertainty of future oil prices ." Recent capacity moves should help airlines maintain pricing …
-
BA's Walsh: 2011 To Bring 'Significant' Air M&A
Rising oil prices will lead to even more airline merger activity in 2011 than there was in 2010, British Airways chief executive Willie Walsh told …
