03 January 2011
Fuel WILL Have Major Impact in 2011
First up out of the gate to report this as a problem was a company who really will feel this.
Nike. Took a hit on the Stock Market at the end of 2010.
This will affect passenger traffic.
Watch for a round of fuel surcharges now that oil has breached $90 a barrel. Further this means that the added capacity of cheap older aircraft will not be returned to the fleet for summer 2011. Voila - lower than expected capacity and higher costs.
For hoteliers in difficult markets dependent on air - this could have a knock on effect where air capacity does not increase to fill up those rooms. And don't count on car traffic.
Watch out Vegas.