Flying high
The US airline industry is struggling due to high jet fuel prices. Accordingly, one trade association is urging the Bush administration to change its oil purchasing strategy. By Paul Lyon
James May, chief executive of the Washington DC-based Air Transport Association (ATA), the industry’s main lobbying group, last month wrote to Spencer Abraham, secretary of the US Department of Energy (DoE), voicing concern over the escalation in crude oil prices, which has a knock-on effect on the price of jet fuel. “After labour, fuel is an airline’s highest operating cost, at 10% to 15%. The sustained high cost of aviation fuel continues to hamper our recovery,” May wrote in the letter.
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