There's no question we never anticipated that kind of fuel reduction, ... We thought fuel prices would be going up, and instead the second biggest part of our operating pie had a big reduction.
The painful reality for passenger carriers is that the domestic market has been unwilling to accept fares that reflect high fuel prices.
We've got more seats that are filled and we're getting higher fares for them. That's your best case scenario. If (jet) fuel was at $40 a barrel, we could be minting money right now.
Still, with fuel prices so high, the last thing you want is an interruption in your revenue stream.
There's been an acceleration of capacity-cutting with high fuel prices.
We're paying enormous amounts for jet fuel right now. It's insane.
Today's jet fuel prices are crushing and could prove to be a knockout blow for some.
Fuel prices are the difference between record profitability (for some airlines) and a year of crappy losses.
Although airlines have recently passed through a few price increases, they pale in comparison to the magnitude of the sustained rise in jet fuel prices.