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Airfares or fuel surcharges increase as oil price soars
Geneva, Switzerland - The barrel costs 27.2% more than a year ago
A number of major carriers are waiting to see who moves first before adjusting fares, wary of acting alone and reducing their competitive positioning. As of January 14, aviation jet fuel was selling at 111.70 Dollars a barrel according to the International Air Transport Association (IATA) website - 4.5% more than a week earlier, 7.1% more than a month earlier and a whopping 27.2% more than a year...
AVIONEWS - World Aeronautical Press Agency - 1124882
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency