Jet Fuel
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Delta Air Lines through a subsidiary company agreed to acquire from Phillips 66 a Philadelphia-area oil refinery
… improvements and related sourcing and marketing agreements with Phillips 66 and BP. Delta plans to double the refinery's jet fuel production, eventually supplying 80 percent of its domestic fuel needs. The carrier estimates its refinery ownership …
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American Airlines parent AMR Corp. reported a $286 million net loss for the second quarter
… with an $11 million loss for the same period in 2010. The company cited a 31 percent year-over-year increase in jet fuel costs, which added $524 million in additional expense. American officials claimed overall corporate revenue increased …
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Japan Airlines and ANA requested permission from the Japanese government to raise fuel surcharges on international tickets, effective Aug. 1
Citing higher jet fuel prices, . For both carriers, the increases would range between 500 yen ($6) per sector and 4,000 yen ($50) per sector …
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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
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US Airways posted a first-quarter net loss of $114 million(2)
… double the loss from the year-earlier period, attributable to a $240 million year-over-year increase in quarterly jet fuel costs. Total passenger revenues increased more than 12 percent to nearly $2.6 billion on "strong demand" and "a …
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U.S. airlines in March achieved an 11.5 percent year-over-year increase in domestic passenger yield to 16.75 cents per mile
… by 1 percent. "The revenue growth experienced in the first quarter has not been sufficient to keep pace with higher jet fuel costs, which have risen more than 30 percent from a year ago," according to ATA chief economist John Heimlich. "The …
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JetBlue Airways reported a $3 million first-quarter profit
Despite a 39 percent year-over-year increase in jet fuel expenses, , up from a $1 million loss for the same period last year. The airline reported record quarterly revenue of more than …
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AirTran Holdings reported net profits of $1.9 million for the fourth quarter and $38.5 million for full-year 2010
. The quarterly profit dropped from $17 million a year earlier, attributable to larger jet fuel expenses, winter weather disruptions and fees related to the proposed acquisition by Southwest Airlines , expected to close in …
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The 25 Most Influential Executives Of The Business Travel Industry Of 2010
… want to move forward in 2008 had nothing to do with the merger partner," Smisek told BTN , citing high crude oil and jet fuel prices, severely constrained capital markets and poor liquidity and financial performance for both airlines. "Fast …
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Weak Corporate Travel Demand Stinging Suppliers
AirlinesThe U.S. airline industry suffered a miserable 2008 as jet fuel costs spiked and demand began to soften. Though fuel prices abated in the second half of the year, the damage was done--pushing …
