Rising fuel costs "major threat" to airlines' profits: S and P
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High fuel costs represent a &quot;major threat&quot; to airlines' profitability, although European carriers are better placed than their US rivals to withstand the impact, according to a report published Monday by credit rating agency Standard and Poor's.
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Many airline companies are finding it difficult to make a profit. The International Air Transport Association says it expects the industry to lose up to four thousand million dollars this year.
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British Airways said it expects high oil prices to drive up its annual fuel bill by 245 million pounds, though this would be partly offset by customer surcharges.
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Higher jet fuel costs overcame Southwest's record revenues for the June quarter.
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Continental Airlines (CAL.N: Quote, Profile, Research) on Tuesday posted a third-quarter loss, reversing a year-earlier profit amid record-high fuel prices, and warned
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The two food giants said Wednesday that soaring commodity prices would hurt the companiesâ profits this year.
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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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Continental Airlines CAL.N on Tuesday  posted a third-quarter loss, reversing a year-earlier profit  amid record-high fuel prices, and warned of large losses this  year and next unless energy prices fall and fares rise.
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Ryanair warns that higher fuel costs and a decline in the UK pound could cut into profit by as much as 50% this year.
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Qantas Airways has raised its fuel surcharge on domestic and international tickets by $4 and $7, respectively, because of the high price of oil.
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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.
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American Airlines expects soaring jet fuel prices to push its expenses up more than &#36;1 billion in 2004 from last year's level, parent AMR Corp. (AMR.N) said on Thursday.
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FORT WORTH, Texas -- The high cost of jet fuel is prompting American Airlines to raise its domestic ticket prices. It is going to charge an extra $5 for one-way flights, and $10 per roundtrip.
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The global airline industry, battered by record fuel costs, could break even in 2005 if oil prices drop to an average of US$36 a barrel, the industry&#39;s trade group said Tuesday.
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HEAVY suitcases aren&#39;t the only things weighing down aeroplanes and requiring them to burn more fuel, pushing up the cost of flights.
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LONDON : British Airways said it would raise its fuel surcharges by up to eight pounds (11.6 euros, 14.4 dollars) per return ticket as a result of soaring oil prices.
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Geneva - The world&#39;s major airlines were expected to rack up about $4.8 billion (R27.3 billion) in losses this year and would climb back to profit next year only if oil prices fell, the top industry body said yesterday.