Essay - The Impact of High Fuel Costs on the Aviation Industry...


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The impact of high fuel costs on the aviation industry

Rising Fuel Prices: a glob*****l problem on ***** ground and in the air.

Abstract

The rising costs of fuel today has become a global crisis for both industries and households. Being heavily dependent upon fuel ***** its continuing operations, airlines have been heavily burdened by such fuel prices. Indeed, some have gone to extreme measures such as laying of thousands of workers and delaying or eliminating long-distance flights. In addition, the general aviation ***** has also suffered, along with the service providers associated with it. Recreational flyers have reported spending much less time in the air, for example. Solutions suggested ***** this regard revolve around alternative lead-free fuel. This has however not been conclusively investigated. Not being a simple issue, it is ***** *****ly contested one that could lead to further market instability.

*****

The r*****ing costs of ***** has ***** the main conversation point of motorists throughout ***** world. For perhaps the first time in ***** history, the food and fuel crises ***** become worldwide phenomena, ***** only an *****vestment in alternative ***** sources appea***** to be a valid long-term response. The aviation *****dustry is no exception, *****d indeed appears to ***** one ***** the hardest hit ***** in terms of fuel. Both commercial and private ***** need a l*****rge amount ***** fuel ***** order ***** complete their long- ***** short-d*****tance *****. The rising fuel costs have resulted in a number of strategies to mitigate the extra investment required. Some commercial airlines ***** even reduced their *****distance flights in order to save *****, while others have ********** their ticket costs. ***** reality is that fuel prices are likely to continue their upward trend as the world's oil resources are increasingly pressured.

Commercial Aviation

The American ***** airline industry ***** facing an ***** crisis in terms of ***** ***** prices. Many face bankruptcy by as soon as the end of 2008, according ***** ***** authors. Indeed, ***** stock market trend for the aviation industry appears to substantiate ***** dark predictions: Northwest shares falling ***** 3.3% and ***** Amex Airline Index down by 1.5% (Peer, 2008).

Alex*****ra Marks (2008) paints an even gloomier picture, noting that the entire aviation system in ***** United states could ***** collapse ***** the beg*****ning ***** 2009. Indeed, as indicated above, ***** consumer experience in flight ***** suffered so greatly that potential passengers are often opting for *****other method of travel if they possibly can, in order to avoid the perceived inconvenience of high costs and other cost-cutting methods by airlines. Concomitantly, the airline ***** has become a losing investment. According to the **********, the main effect of the rising ***** and fuel costs have resulted in major *****s losing millions of dollars during each quarter. This trend will not continue for very long until every ***** airline faces bankruptcy, according to warnings by the chairman ***** American Airlines, Robert Cr*****all.

***** *****, the crisis is very real. It is expect that, if high oil *****

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