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#11
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"Colin W Kingsbury" wrote in message ink.net... "Matt Barrow" wrote in message ... We could also have a good argument over chicken and egg here. If the value of the dollar goes down, and oil is priced in dollars, then it is mathematically predictable that the price of oil will rise accordingly. That's how commodities work. Yes, but fuel prices are still WAY different. Experts figure that around $5-$12/bbl is an "uncertainty premium" due to Middle East worries. I'm talking about USA compared to Europe (and how, despite the difference, the foreign airlines "make money". You chopped the conclusion I reached, in that the analogy is not US to foreign airline, but foreign airlines and Amtrak! -- Matt --------------------- Matthew W. Barrow Site-Fill Homes, LLC. Montrose, CO |
#12
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"Colin W Kingsbury" wrote in message ink.net... "Matt Barrow" wrote in message ... We could also have a good argument over chicken and egg here. If the value of the dollar goes down, and oil is priced in dollars, then it is mathematically predictable that the price of oil will rise accordingly. That's how commodities work. Yes, but fuel prices are still WAY different. Experts figure that around $5-$12/bbl is an "uncertainty premium" due to Middle East worries. The rest is due to economic growth in Asia, namely China. This is only going to get worse, until somewhere above $70/bbl where we hit a ceiling as shale oil, of which supplies are enormous, becomes profitable to extract. The appropriate analogy to the foreign airlines is NOT theUS airlines, but AMTRAK. Agreed, though an important fact is that many foreign airlines enjoy quasi-monopoly status in certain markets. Nothing quasi about it; many foreign countires have ONE national airline. That is one heck of a subsidy. Not only that, but their taxpayers support the companies as f they were a national showpiece...ala Amtrak or the Postal Dis-service. Also, most foreign airlines are primarily international carriers, which is simply a more profitable market. I suspect that most US airlines turn a profit on their international routes. One sign of this is that business class is almost never sold at a discount for tickets originating in the US. It's full J-fare or coach. Yup!! |
#13
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You may be paying 3x more for fuel in Europe than in the US but European
airlines are not. Mike MU-2 "Peterpan" wrote in message . .. Delta announced today it will lose another 1 Billion dollars in 2005 Most of the US Airlines are losing money due to higher fuel cost's In Europe, airlines are making money and the fuel is 3 times more expensive. I don't get it. Is it some new type of math the US airlines are using or have they become bloated Politically Correct business model disasters due to PC hiring practices and employee perks? Or are they looking for a tax payer bailout for their inefficient business operations? Just curious |
#14
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"Mike Rapoport" wrote in message k.net... You may be paying 3x more for fuel in Europe than in the US but European airlines are not. Care to elaborate on that? Is it some new type of math the US airlines are using or have they become bloated Politically Correct business model disasters due to PC hiring practices and employee perks? Or are they looking for a tax payer bailout for their inefficient business operations? Just curious |
#15
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If you have ever bought jet fuel in Europe you know that it is generally
cheaper than in the US. It is only Avgas that is more expensive over there. Additionally, airlines on both sides of the Atlantic are not paying FBO prices which are usually marked up about $1 or more. Mike MU-2 "Matt Barrow" wrote in message ... "Mike Rapoport" wrote in message k.net... You may be paying 3x more for fuel in Europe than in the US but European airlines are not. Care to elaborate on that? Is it some new type of math the US airlines are using or have they become bloated Politically Correct business model disasters due to PC hiring practices and employee perks? Or are they looking for a tax payer bailout for their inefficient business operations? Just curious |
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