Oil spike threatens to undermine airline recovery
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This week&#39;s record-high crude oil  prices casts a shadow over a tenuous recovery in the U.S.  airline industry, where top carriers have less protection than  they did a year ago from devastating spikes in energy prices.
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Scarborough, Tobago - The global airline industry would lose about $5 billion (R31 billion) this year, and more bankruptcies of carriers were likely, due in part to rising fuel costs, an International Air Transport Association official warned this week.
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SINGAPORE: Asian oil traders fear China Aviationâs $550 million trading loss will stunt derivatives trade and force a credit clampdown, particularly for Chinese firms feeding their energy-hungry economy.
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Record high oil prices are likely to trigger a rash of airline mergers and tie-ups, accelerating a wave of consolidation in the aviation sector, the head of Australian carrier Qantas said on Wednesday.
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NEW YORK, September 28  - The airline industry is expected to lose as much as $4 billion in 2004 due to the high fuel costs, despite an increase of about 19% in international passenger traffic so far this year.
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Oil prices hit new highs on both sides of the Atlantic this morning as a threat by Norwegian shipowners to halt production from the world&#39;s third biggest exporter fuelled fears of a winter supply crunch.
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European airlines hoping for a 2005  industry recovery face new hurdles as record high oil prices  threaten to drive up costs and fuel surcharges for passengers,  officials said.
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FORT WORTH, Texas Soaring jet fuel prices will force American Airlines to spend an additional one (B) billion dollars for fuel this year.
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U.S. airlines may start charging passengers separately for jet fuel as oil prices inch past $100 per barrel.
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Australia&#39;s flagship carrier Qantas Airways has reported a record annual net profit but warned oil prices threatened its performance, increasing the chance of a hike in ticket price surcharges to offset its fuel bill.
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Travel: Budget airline's plan comes despite credit market crisis and rising oil prices
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The high level of oil prices is posing a risk for the European economic recovery, European Union industry lobby group UNICE said.
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The biggest U.S. airlines,  struggling to cement their shaky recovery, face a rising  challenge from angry unions looking to recoup billions in wages  and pensions lost since 2001.
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LONDON (CBS.MW) -- Irish low-fare carrier Ryanair said Tuesday it predicted a &quot;bloodbath&quot; and &quot;airline casualties&quot; this fall, accelerated by record high oil prices, as it revealed its results for the half year.
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GENEVA: International airlines are heading for a near US$5bil loss this year, largely due to the rise in oil prices, the industryâs global body said on Tuesday.
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FORT WORTH, Texas _ Intense competition, rising fuel prices and the wave of hurricanes in Florida socked American Airlines&#39; finances last month, executives said Wednesday, and will likely hurt the airline&#39;s third-quarter results.
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Some of the world's major airlines, already bedeviled by competition from cut-rate carriers, are facing a fresh challenge from Gulf-based companies that are churning out huge profits and buying up new aircraft in great numbers.