Monday, April 7, 2008

High Fuel Costs Say "Aloha"!

Hawaii Aloha State Fuel Prices AirlinesAmerican holidays are going to be a bit less festive this year due to the high cost of jet fuel.

Say "Aloha" to less family travel, higher prices, less flights and more passenger air rage.

The recent bankruptcy announcements by ATA and Aloha Airlines are just two recent examples of the toll that higher priced oil is taking on the airline industry. The airline shutdown left thousands of stranded travelers and thousands of employees without jobs.

According to IATA (the International Air Transport Association), jet fuel prices have increased 62% from one year ago.

Forbes magazine made several distinct points recently about this air disaster:
But the damage from America's love affair for foreign oil isn't just limited to leisure family holidays. Businesses will pass along the higher cost of air travel to their customers. And higher transportation costs for food and goods will continue to fuel inflation.


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