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Airline Industry Fuel Price Change Factors

Airline Industry Fuel Price Change Factors

          
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About the Book

Terrorisms attack influenceWhether terrorisms attack will influence fuel price rises up or falls down. I feel terrorisms attack to any country, which will cause plan fuel price falls down. Because travellers will feel dangerous and worry about their life safety when they catch the plan to enter the country if the country has serious terrorisms attack risk to cause plan crash accidently. However the effects of oil price and terrorism on airline profitability was limited to a regional perspective, e.g. the terrorism attack of plane crash event to USA on 11 Sept. After the terrorism attack happened on USA 11 Sept. incident of terrorism attack was restricted to events of skyjacking, attacks on oil production, refinery and distribution. Thus, USA on 11 Sept. terrorism attack will cause oil price falls down, due to it will influence travellers fear death, so who will reduce times to travel to USA after 11 Sept. date terrorism attack occurrence at the year. The oil sellers will reduce oil sale price to attract many airline companies to buy more supply, due to airlines will decrease demand to buy fuel to provide planes to fly when the traveller numbers has decreasing and flying times will be decrease also. Thus, the fuel price will be decreased consequently after the terrorism attacks to any country.Other types of terrorist activities, such as attacks on financial targets or senior government officials could have an adverse effect on the petroleum and airline industry. I think the disruption of the production or distribution of petroleum because of incidents of terrorism was costly in terms of loss of business and the inflationary effect on fuel dependent products or services. In fact, some airlines have adopted more fuel saving technology, so whose fuel consumption would not use more than other non fuel saving technology airlines. So, the owned fuel saving technology airlines which will buy less fuel to use. It means that they won't need fear fuel rising to increase their expenditure because they only need to buy less fuel to use and their fuel demand won't fall, even fuel price has risen.However, it seems fuel price increasing will not be the only factor to influence the airline industry's traveler numbers decreasing, due it is possible that the airlines need to rise air ticket price to riase their profit, sue to their fuel cost has risen. However, due to some airlines which have fuel saving technology, so which can avoid to use more fuel to provide planes to use and which fuel costs will be reduced, then which can provide cheaper air ticket fare prices to compare the non fuel saving technology airlines.


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Product Details
  • ISBN-13: 9781074246679
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 280 mm
  • No of Pages: 38
  • Spine Width: 2 mm
  • Width: 216 mm
  • ISBN-10: 1074246675
  • Publisher Date: 16 Jun 2019
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 113 gr

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