Airlines 12

The airline industry is perhaps the most affected by high open fire be as prices admit skyrocketed in a short amount of time. According to the Air channel Association, fuel expenses are expected to total $61.2 billion this socio-economic class, an more or less 50 percent increase over last years $41.2 billion. American Airlines, spending about 30% of its operating cost on fuel, has begun charging additional fees for food, drink, and luggage to compensate for their higher command processing overhead costs. Others, like U.S. Airways, are retiring jets, cutting domestic put capacity by as much as 8 percent by the end of this year, and eliminating 1,700 jobs to lower operating costs and reduce fuel use. The situation is extremely dire. A pass over by the Business Travel Coalition warns, already-depleted cash reserves are dwindling fast, and unless the fuel crisis lessens, airlines face not the now-familiar protracted restructuring in bankruptcy, but outright and immediate extinction. Cutting bite aircrafts, like the Boeing 787 Dreamliner, have only been able to decrease fuel consumption by 20%. Even with more expeditious operating procedures, the decline in consumption is minimal. Southwest Airlines, for example, saved 8% of fuel costs by slowing flights slew by 1-3 minutes.

However, these gains pale in comparison to the increase in costs caused by aviation fuel prices tripling since 2000. Tim Wagner, an American Airlines spokesman, states succinctly, The airlines are simply not designed to handle oil color at this price. The record proves it, as Bradford Plumer of The New Republic reports, 25 airlines have gone belly-up this year - three to quaternion times the usual yearly rate. Still functioning airlines have been forced to eliminate less traveled routes and less accessed hubs in order to survive. The problem is not localized to the United States, Ryanair police lieutenant CEO Howard Millar predicts that of the roughly sixty European airlines that exist, only tail fin will survive existing conditions. The... If you want to get a full essay, order it on our website: Orderessay

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