Airlines fees testing elasticity of passenger demand
Passengers are being faced with a spiraling list of airline fees for everything from a bottle of water to a charge for a blanket and pillow. Seemingly small handouts that were once taken for granted, now come with a fee attached. Experts feel some of these fees will stick and others may be rescinded.
Ex-American CEO: “Simply curbing speculation will not solve our long-term energy problem”
Bob Crandall, the former chairman and chief executive at American Airlines, thinks the airlines are wrong — and he’s not afraid to say it.
Light at the end of the oil tunnel?
According to Stratfor.com the price of oil should begin falling this year. Most of the geopolitical factors driving the price oil are stabilizing, the U.S. dollar is expected to rebound and new oil resources are coming online.
Oil soars above $117
Crude oil prices surged to a new record high on Monday above $117 a barrel.
NWA CEO says oil breaking budgets
The CEO of Northwest Airlines, Doug Steenland, calls skyrocketing oil prices a “serious budget-breaker.” Don’t look now, Doug, but the price of oil rose above $108 a barrel today.