Originally Posted by
asacimesp
I remember Andersen saying that each penny=$1million to the bottom line. I wonder if their math works the same going down as it does going up.
Before the merger with NWA a 1c increase in Jet Fuel cost Delta 20 million dollars a year. The runup in oil prices this year was projected to add 2 billion in additional costs. If and that’s a giant if oil stabilizes in the low fifties next year we will have a extremely good year since we passed on half the oil increase via increased ticket prices.
The bad news is the oil prices were killing are low cost competition. WOW and PrimeAir were already gone and others like Norwegian were teetering on the brink. This will probably save Norwegian.