Jet fuel prices rising due to Libyan unrest
Posted Feb 23, 2011 03:32:10 PM.
This article is more than 5 years old.
Not only is the world price of oil taking off because of the political unrest in Libya — so is the cost of jet fuel.
Air carriers south of the border are already charging more to offset the higher cost.
And a Canadian aviation expert believes it won’t be long before that happens on this side of the border, as well.
U.S. air carriers are charging their business class customers $20 more per ticket.
“Fuel can be as much as 40 per cent of their direct cash costs for a flight,” Calgary aviation expert Rick Erickson said. “I wouldn’t be surprised at all if we see the fuel surcharge bogeyman pop back onto tickets.”
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