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Air transport. rising fuel cost: carriers to suffer for effects for additional two years
New York, USA - It was stated by Fitch Ratings rating agency
The fuel cost covering strategy by some airlines had been carried out some 12 or 18 months ago, when fuel price was remarkably lower than the current one; covering contracts that airlines are signing today will significantly damage their incomes in 2006 and 2007. Moreover, if fuel price lowered, some carriers would be affected by high costs depending on old covering contracts and the reduction of tariffs,...
AVIONEWS - World Aeronautical Press Agency - 127079
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency