CHANGES IN THE PRICE OF FUEL FOR AIRCRAFT. The cost of fuel is reported to be about
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CHANGES IN THE PRICE OF FUEL FOR AIRCRAFT. The cost of fuel is reported to be about 20% of the total operating cost for a major airline. Events in the Middle East caused jet fuel costs nearly to double during the last half of 1990.
REQUIRED:
1. If you were the CEO of a major airline, how would you suggest that the airline respond to the fuel price increase?
2. How would you expect the financial statements of major airlines to be affected by the fuel price increase and the actions that the airlines would take in response?
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