Originally Posted by
notEnuf
Oil going down doesn't allow the additional incremental price hikes to recover the margin. Revenue stagnates while the increased cost is already established. We only recovered 90% of the fuel increase through fare increases and non-fuel cost reductions. Fare increases to cover fuel cost increases are always laggards.
For all those who are interested in the Oil industry and looking for a good book to read, this book is a must. I read this book a few years ago and subsequently read the follow on book - both extremely well written and very enjoyable to read while providing a great look at the history of oil.
notEnuf - you would love it.
https://www.amazon.com/Prize-Epic-Qu...oney+and+power