|
Category:
Press » Transportation
|
|
Alaska Airlines Raises Fares to Help Offset Rising Fuel Costs
|
Popularity:
Views: 2203
|
2007-10-23 15:05:59
|
|
Alaska Airlines
|
|
In response to the skyrocketing price of jet fuel, Alaska Airlines has raised one-way fares $5 to $10.
"With the price of a barrel of crude oil spiking more than 50 percent since this time last year, jet fuel is now our largest single expense, accounting for more than 30 percent of our overall operating costs," said Bill Ayer, chairman and chief executive officer of Alaska Air Group, the parent company of Alaska Airlines and Horizon Air. "Like other businesses, we need to offset at least some of our increased costs."
Every $1 increase in the price of a barrel of oil adds $10 million in annual fuel costs for Alaska Air Group before the benefit of fuel hedges. Oil prices have jumped $10 a barrel during the past two weeks alone, which would add $100 million to the company's annual fuel bill if prices remain at current levels.
Fares for longer flights in the United States and to Canada and Mexico rose $10 each way. Shorter flights along the West Coast, within most of the state of Alaska, and between Southeast Alaska and the Lower 48 went up $5 each way.
Alaska Airlines and Horizon Air continually work to mitigate fare increases resulting from the cost of jet fuel through hedging. Currently, 50 percent of the two airlines' fourth quarter fuel consumption is hedged at $62 per barrel.
Alaska Airlines and Horizon Air serve 92 cities through an expansive network throughout Alaska, the Lower 48, Hawaii, Canada and Mexico. For reservations, visit alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at alaskaair.com/newsroom.
|
Specialized in: |
Alaska Airlines
|
URL: |
http://www.alaskaair.com
|
|
|
Related Press releases |
|
Vector Fleet Management Launches Apprenticeship Program for Employees (Popularity: ): CHARLOTTE, N.C. - February 15, 2020 -- Vector Fleet Management is starting a new apprenticeship program that will be available to all entry-level fleet maintenance technicians and existing employees who are interested in pursuing careers in entry-level technician positions, including yard or fueling personnel.Technicians who do not already have an on-site toolbox are eligible to participate in the program. They can use tools provided by the company during training. After ...
Imagery Illustrates Flooding, Damage Caused by Hurricane Irma (Popularity: ): MIAMI, Fla. - September 15, 2017 -- Woolpert, working under two separate contracts, collected and posted high-resolution, before-and-after imagery of areas in Florida affected by Hurricane Irma to assist with flooding and damage assessment. The initial imagery is available to the public at maps.woolpert.com/irma.Miami-Dade County contracted with Woolpert for post-storm imagery as Hurricane Irma approached, while Woolpert’s work with the Florida Department of Transportation (FDOT) is part of an existing ...
Rob Slimp Advances to Chairman, President and CEO of HNTB Holdings Ltd. (Popularity: ): ATLANTA - January 24, 2017 -- Robert J. Slimp, PE, has been named chairman, president and CEO of HNTB Holdings Ltd. Slimp has held a number of leadership roles within HNTB since joining the firm in 2005. He continues to serve in his role as chief executive officer for HNTB Corporation, a post he has held since 2013.“Under Rob’s leadership, HNTB continues to grow and prosper,” said Harvey Hammond, chairman ...
Dynamite Towing Launches New Website To Promote Their Expert Towing Services in Arizona (Popularity: ): Glendale, Arizona- April 19, 2016- Now when the majority of initial inquiries by new potential clients are made online, Dynamite Towing, a trusted and reliable provider of towing service in Phoenix has created a new website in order to help them showcase and promote their reliable 24 hour towing service in Phoenix and roadside services in Peoria, AZ and surrounding areas.The website located at dynamitetowingaz.com has been given a fresh ...
3G Transportation Orlando FL Inc. Launches New Shuttle Service Website (Popularity: ): Orlando, Florida- March 31, 2016- 3G Transportation Orlando FL Inc., a trusted provider of professional airport transportation in Orlando launches a new website, 3gtransportationorlando.com for the benefit of travellers and people arriving in Orlando and looking for shuttle service in Orlando.3G Transportation Orlando FL Inc. provides transportation services to hotels, airports, theme parts, restaurants, beaches, ports and special occasions anywhere in Orlando, Florida. The new website is fully responsive so ...
|
|
Related Business |
|
Global Fares Inc. (Popularity: ): Global Fares is a leading independent travel company has been established San Francisco in 2000 and has quickly grown to become one of the leading travel companies. Specializing in business travel management, corporate, leisure, holidays, and last minute deals. Global Fares has cultivated business relationships with the majority of world major airlines, giving us access to volume airfare discounts and specially negotiated consolidated fares provided by select wholesalers allowing you, ...
Skyscanner Indonesia - Free Travel Search (Popularity: ): Comparing flights to millions of routes all over the world and over 1000 airlines, for FREE! Compare the cheapest all-inclusive fares with flexible search functions: for the whole month, by airlines, by flight time, etc. Compare the flight listing by airfares, flight times, and airlines. Find other valuable information on airports, airlines, cities, countries, and many more. Good coverage on cities destinations in Indonesia and Indonesian airlines. Skyscanner also searches ...
Fuel Express (Popularity: ): Fuel Express provides businesses and industries with an advanced solution for managing their entire fleet while controlling fuel costs. Fleet fuel cards from Fuel Express are accepted at over 230,000 locations across the United States. Since our cards are accepted at many top fuel brand locations like Shell, Exxon, Mobil, Sunoco, Chevron, and 76, drivers have the freedom of choosing which brand the prefer and won’t have to travel out ...
Offset Printing Technology (Popularity: ): Information about offset printing technology as preferred method for printing materials providing lower per-unit costs with the quality for larger print runs. Offset printing is the most commonly used method today, and has many advantages over other forms of printing, especially when we need high and consistent image quality.
Vietnam Airlines (Popularity: ): VietnamAirlinesTickets.com is the official website for travellers to find and book Vietnam Airlines Flights - both Domestic and International. Vietnam Airlines flights is official website include of Vietnam Airlines, Book now Online, Low Fares, All Inclusive for travellers to find and book Vietnam flights and International flights with the best price.
American Airlines (Popularity: ): Features flight schedules, fares, special offers and the company's frequent travel program.
SkyWest Airlines (Popularity: ): Delta Connection and United Express carrier; fares, flight schedules and fleet information.
Wealth Finance (Popularity: ): News from around the world in financial area and quality financial advices from our experts. Business news and recent financial tips for your own business. What would the proposed union between United and Continental Airlines mean for consumers? I recently testified on that subject before a panel of the Senate Judiciary Committee on behalf of Consumers Union, owner of Consumer Reports. If history is a guide, the merger creating the ...
SN Virtual Airlines Group (Popularity: ): Based on the former Sabena Airlines and the SN Brussels Airlines. Sabena and SN Brussels Airlines aircrafts for the MS flightsimulator in the fleet section free for download. With news, stats, pilot lounge and information. Flightplans and time tables also on the site. Have an official permission of the former Sabena airlines and the SN Brussels Airlines.
South London Airlines (Popularity: ): Spoof budget airline offering cheap fares to Isle of Wight and other Channel Islands.
|
|
|
|