QUESTION 2 (10 marks) 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 to nearly double from 2008 to 2011 Required: 1 If you were the CEO of a major airline, how would you suggest that the airline respond to the fuel price increase? (5) 2 How would you expect the financial statements of major arlines to be affected by the fuel price increase and the actions that airlines would take in response? (5) [TURN OV