SAVVY TRAVELER Post-Kuwait-Trauma Stresses ALL EDITIONS
At American, one of the strongest U.S. carriers, fuel now represents 30 percent of the airline's operating costs. A one-cent increase in the cost of jet fuel adds a staggering $25 million per year in operating costs. "Back in July, jet fuel cost us an average of 62 cents per gallon in the...
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| Published in | Newsday |
|---|---|
| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Long Island, N.Y
Newsday LLC
28.10.1990
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| Edition | Combined editions |
| Online Access | Get full text |
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| Abstract | At American, one of the strongest U.S. carriers, fuel now represents 30 percent of the airline's operating costs. A one-cent increase in the cost of jet fuel adds a staggering $25 million per year in operating costs. "Back in July, jet fuel cost us an average of 62 cents per gallon in the United States," says Jeffrey Kreindler, a Pan Am spokesman. "Today it stands at $1.24. And that's just in the United States. Overseas, it's nearly tripled." Already, the airline has announced a layoff of 2,500 employees. Ironically, the best travel bargain remains the United States. During the first half of this year, foreign tourists spent 17 percent more in the United States than last year. Perhaps more important, the United States Travel and Tourism Administration recorded a $2.1-billion surplus in international travel spending. |
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| AbstractList | At American, one of the strongest U.S. carriers, fuel now represents 30 percent of the airline's operating costs. A one-cent increase in the cost of jet fuel adds a staggering $25 million per year in operating costs. "Back in July, jet fuel cost us an average of 62 cents per gallon in the United States," says Jeffrey Kreindler, a Pan Am spokesman. "Today it stands at $1.24. And that's just in the United States. Overseas, it's nearly tripled." Already, the airline has announced a layoff of 2,500 employees. Ironically, the best travel bargain remains the United States. During the first half of this year, foreign tourists spent 17 percent more in the United States than last year. Perhaps more important, the United States Travel and Tourism Administration recorded a $2.1-billion surplus in international travel spending. |
| Author | Peter S. Greenberg. (c) 1990, Los Angeles Times |
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| Snippet | At American, one of the strongest U.S. carriers, fuel now represents 30 percent of the airline's operating costs. A one-cent increase in the cost of jet fuel... |
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| Title | SAVVY TRAVELER Post-Kuwait-Trauma Stresses |
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