6/17/2009

With the price of jet fuel up 22% in the just the past month, "it will get very rough" for airlines this summer, according to analyst Mike Boyd, who believes oil will go still higher as investors get out of the weakening U.S. dollar. The rising cost of fuel comes amid a slump in demand for air travel, making it harder for carriers to raise fares. "Airlines will have a hard time passing on this cost," said Kevin Mitchell of the Business Travel Coalition.

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The Denver Post

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