25 Mar '11, 2pm

Budget airlines more resilient against rising fuel prices

SINGAPORE: Analysts say rising fuel prices will have a more severe impact on legacy carriers than budget airines, and a US$10 increase in the price of a barrel of fuel will likely reduce airlines' operating profits by between 20 and 28%. The International Air Transport Association (IATA) estimates that for every one dollar increase in oil price per barrel, the airline industry needs to recover US$1.6 billion in additional costs. Aviation analysts say airlines will pass on these rising fuel costs to consumers in the form of fuel surcharges and increased airfares. "Budget airlines will be more resilient because after all the price increases they will still command the lowest fares compared to the legacy airlines; and there will be some downgrades of travelers from the legacy airlines to the budget airlines," said Mr John Rachmat, analyst for regional transport and consumers,...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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