By Adeline Winkler. Type of airline. Published at Thursday, March 21st, 2019 - 16:46:04 PM.
A second financial issue is that of hedging oil and fuel purchases which are usually second only to labor in its relative cost to the company. However with the current high fuel prices it has become the largest cost to an airline. Legacy airlines compared with new entrants have been hit harder by rising fuel prices partly due to the running of older less fuel efficient aircraft. 44 While hedging instruments can be expensive they can easily pay for themselves many times over in periods of increasing fuel costs such as in the 2000–2005 period.
Airline financing is quite complex since airlines are highly leveraged operations. Not only must they purchase (or lease) new airliner bodies and engines regularly they must make major long-term fleet decisions with the goal of meeting the demands of their markets while producing a fleet that is relatively economical to operate and maintain; comparably Southwest Airlines and their reliance on a single airplane type (the Boeing 737 and derivatives) with the now defunct Eastern Air Lines which operated 17 different aircraft types each with varying pilot engine maintenance and support needs.
Domestic air transport grew in China at 15.5 percent annually from 2001 to 2006. The rate of air travel globally increased at 3.7 percent per year over the same time. In the EU greenhouse gas emissions from aviation increased by 87% between 1990 and 2006. 74 However it must be compared with the flights increase only in UK between 1990 and 2006 terminal passengers increased from 100 000 thousands to 250 000 thousands. 75 according to AEA reports every year 750 million passengers travel by European airlines which also share 40% of merchandise value in and out of Europe. 76 Without even pressure from green activists targeting lower ticket prices generally airlines do what is possible to cut the fuel consumption (and gas emissions connected therewith). Further according to some reports it can be concluded that the last piston-powered aircraft were as fuel-efficient as the average jet in 2005. 77
The options facing those charged with responsibility for guaranteeing the general flying population that they can fly without fear of terrorism is either to fix the problems in the existing system or create a new security strategy.
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