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The union civil aviation minister urged eight states and union territories charging a high 20-30 per cent tax on jet fuel to join the ranks of 26 other states that had steeply cut it down to boost aviation activity ....
Behind me it is not slowing people down. demand a very high. outpacing supply. some airlines will be reducing the number of flights they have. jetblue making that announcement after they had to cancel 300 flights this weekend. at coming at a time like you said when these air fare prices are higher than we ve seen in a very long time. a lot from jet fuel and increased demand. 40% higher from earlier this year. and we re also expecting these prices to jump even more. experts were saying they would see a 6 to 7% increase through the summer. instead we re now expecting a 10% increase through june according to hopper. the average cost of a ticket today is $330. hopper didn t think we would hit that until june. so they were anticipating an increase in travel demand drieftion up the prices. what they didn t expect was the jump in jet fuel cost. jet fuel this summer is ....
Round trip ticket are up because of the higher jet fuel cost. but what nellis what other sectors of the travel industry go up in price? anything related to a discretionary spending. we are coming in the spring break time of year. people want to take vacation. college kids want to take vacation. that will diminish. hotels. any entertainment and anything you do with the extra money will get hit. cruise lines. hotels, resorts, they will take a hit. not only on the top line but the bottom line as well. just doesn t hit the consumer. it hits businesses as well because their cost of doing business will raise. they have to pass it on to you. two things here. prices go up, we take a hit from that. and costs go up, so businesses take a hit from that. the less consumer money out there so it takes a hit in sales. double whammy. it s not just a cost problem but revenue problem. that s what is alarming. ....