15 years
IMHO, that's a very unwise strategy.
First of all, until the oil bubble the price of crude was around $80 for a barrel. That was normal.
During the summer it was skyrocketing to $150-170, which was barely speculation but still two times higher than the regular for about two months. Ever since, it is falling.
My guess it won't stop until $25-30 a barrel, which could lead even below of $1 a gallon of unleaded (or 0.5EUR per liter, including the average EU taxes).
Back to topic, those two months of double priced petrol caused billions of losses for the airlines, so I'm wondering how much extra profit can they earn during up-to-date 40% lower (or according to summer, 300% lower) fuel prices??? If they have less passengers due the crisis, would price increase or any extra tax solve your financial problems at all?
Wait a second... This article is a spoof!!! :D
American Airlines, which posted a $1.45 billion loss in the second quarter of 2008 alone, claimed that the new fees—including the Taking A Shower Fee, the Knowing What An Airplane Looks Like Fee, and the Eating E.L. Fudge Cookies While Watching A Rerun Of House Fee—will help the company rebound. According to internal projections, the airline will recoup $500 million in the next three months alone, with nearly 80 percent of that revenue coming from citizens asleep at home.
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