Originally Posted by
What
Considering that Jet fuel has been over $100.00 for quite sometime now I will have to say that the 50 seaters will be flying for a few more years!
Jet Fuel - Daily Price - Commodity Prices - Price Charts, Data, and News - IndexMundi
*42 gallons in an Oil Barrel.
RAH is in need to find a home for Frontier, they are making themselfs as attractive as possible. It seems Regionals will make trip down the Bankruptcy court just like their mainline partners have done over the last decade to iron contracts and shed unwanted leases!
There is not an airline on the planet that bases their fuel price on the formula you used.
Labor uses WTI Crude, Management uses Brent (because it’s higher).
In the past 5 years there have been a total of roughly 12 months out of those 60 months that WTI Crude has been over $100/bbl.
WTI Crude was over $100/bbl between:
February 28, 2008 and September 30, 2008 = 7 months,
March 2, 2011 and May 4, 2011 = 2 months,
February 13, 2012 and May 3, 2012 = ~3 months.
It hovered between $95 and just over $100/bbl between November 4, 2011 and February 10, 2012 (3 months)
I don’t know what you’re saying about BK, but I think, if we get the contract we hold out for or strike for, the next step will be BK for at least a portion of RAH.