|
Continental Airlines
today announced an increase in the existing fuel surcharge on select tickets effective immediately.
The surcharge has been raised from $10 USD each way to $15 USD each
way for travel in the U.S. and between the U.S. and Canada.
Continental's fuel expense last year was more than $1.2 billion, and current
fuel prices will make the airline's 2004 fuel expense dramatically higher. The
higher surcharge will help offset higher jet fuel prices.
Just a little over two years ago, the price of crude oil was under $20 per
barrel. The price for that same barrel of crude oil recently exceeded $37 per
barrel - a jump of 85 percent. |
