The other is higher operating costs caused by the rising price of jet fuel.
The airline said the rising price of jet fuel and the strong pound were largely responsible for the financial results.
British Airways reported a 65percentt decline in quarterly earnings today, attributing the poor performance to the effects of the strong British pound and the rising price of jet fuel.
[C8.] Earnings Fall at British Airways British Airways reported a 65percentt plunge in quarterly earnings, attributing the poor performance to the effects of the strong British pound and the rising price of jet fuel.
Airlines have been hit hard by a rise in the price of jet fuel, which is up more than 80percentt over 2007.
Genuine hedging, such as an airline buying forward against a rise in the price of jet fuel, is spared scrutiny, but less obvious hedges have to be carried on a company's books at their market value.
Small, but disruptive Cleaning up The show goes on for now Lerach and ruin Just say no Samurai v shareholders Mittalic magic Reprints Related items Aviation: The need to shrinkFeb 14th 2008Gains in operating efficiency have been partially offset by the huge rise in the price of jet fuel.
Analysts say the most difficult immediate problem is the rising cost of jet fuel, which threatens to erase the tiny net income that many said they had expected the airline to earn this year.
Airlines have raised fares or increased surcharges, partly to cover the rising cost of jet fuel, at least 10 times so far this year — most recently on Thursday, when American Airlines and Delta Air Lines raised ticket fees again.
In this paper, we propose an optimization approach that can simultaneously determine the four major aerodynamic coefficients of road tunnels: the friction coefficient of tunnel wall, the averaged drag coefficients of small-sized and large-size vehicles, and the pressure-rise coefficient of jet fans.
