Posted on 03/06/08
$68,000 fill-ups herald 'grim' era for airlines
When Air Canada fills up a new Boeing 777 in Toronto with jet fuel for a one-way flight to London's Heathrow Airport, it now costs $68,948. While the airline is stronger than many rivals, that kind of sticker shock underscores why global carriers are finding it hard to avoid red ink, even with the introduction of hefty fuel surcharges. Yesterday, the industry itself forecast at least $2.3-billion (U.S.) in combined losses this year.
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