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 global problem on ***** ground and in the air.

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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 ***** thousands of workers and delaying or eliminating long-distance flights. In addition, the general aviation industry 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 ***** conclusively investigated. Not being a simple issue, it is ***** highly contested one that could lead to further market instability.

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

Commercial Aviation

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

***** Marks (2008) paints an even gloomier picture, noting that the entire aviation system in the United states could ***** collapse by the beg*****ning ***** 2009. *****, as indicated above, the consumer experience in flight has suffered so greatly that potential passengers are often opting for another method of travel if they possibly can, in order to avoid the perceived *****convenience ***** high costs and other cost-cutting methods by *****s. Concomitantly, the airline industry has become a losing investment. According to the author, 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 of ***** Airlines, Robert Cr*****all.

***** indeed, the ***** is very real. It is expect that, if ***** oil prices

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