Years of consolidation, capacity cuts, fuel efficient planes and other cost controls helped jet fuel prices glide downward in 2013. But some US markets have still felt turbulence.
Posts Tagged ‘airlines’
By Matt Kohlman | August 2, 2013 03:20 PM Comments (1)
By Matt Kohlman | June 14, 2013 11:22 AM Comments (1)
Sometimes airlines are just like any neighborhood.
If all your neighbors have a dream car (or Dreamliner), you’ll want one, too. If all your neighbors have internet access (at 30,000 feet), you’ll want it, too. If all your neighbors have hedges for their yards (or jet fuel), you’ll want that, too.
So what’s the latest neighborhood gossip? It’s whether the new owner of the biggest house (airline) on the block (in the world) is going to try and keep up with the Joneses. At least when it comes to those hedges.
By Matt Kohlman | May 23, 2013 09:40 AM Comments (1)
Airlines flying from Houston to Chicago may want to load up on something other than passengers at the start of the trip — extra jet fuel.
Landlocked Chicago has the highest jet fuel price by far of any major spot market in the world, thanks mostly to refinery issues. At $129.13 a barrel Wednesday, May 22, it was $10 higher than the closest region, the perennially short North West Europe. In gallons, it was at $3.0745, or 35.55 cents higher than the highly liquid US Gulf Coast.
By Matt Kohlman | March 5, 2013 09:43 AM Comments (0)
Think the jets to Europe and Latin America are packed? Try the ships carrying jet fuel.
The idling of a major Caribbean refinery last year helped speed along a net export trend for US jet fuel, with a record amount shipped out of the US in 2012. The reversal of historic net imports happened despite events that would normally make one think the US would be a heavy importer: major refinery issues on the West Coast and Hurricane Sandy on the East Coast.
By Edward Levy | November 9, 2012 03:13 PM Comments (0)
More than a hundred thousand workers in the heart of the UK’s oil and gas industry in Aberdeen could find themselves slowly cut off from London’s financial markets and government halls if the country doesn’t find a way to expand airport capacity around the capital soon.
Nicol Stephen, a Scottish Liberal Democrat peer in the House of Lords, told the house in a debate on Wednesday that busy airports around London, and fee structures that favor long-haul trips over flights within the UK, mean some airlines could cut services. Stephen cited a decision by UK domestic carrier Flybe to close its Aberdeen-to-Gatwick route in October as evidence.
By Simon Thorne | July 10, 2012 09:53 AM Comments (0)
So concerned are they over the safety of local Nigerian airlines, some of the wealthier businessmen in the region are taking the unusual step of flying the 300 miles from Lagos to the capital of Abuja via the UK’s capital city, London.
That’s nearly 6,000 flight miles and 12 hours on board a plane, not to mention time spent in London’s airports, to avoid a 300-mile one hour domestic flight.
By Matt Kohlman | June 26, 2012 11:31 PM Comments (0)
US jet fuel costs have fallen by a fifth this quarter. Don’t be surprised if you don’t see it in your ticket prices yet. US airlines aren’t seeing it in their fuel costs yet, either.
There’s typically a lag in spot trading price changes for commodities being felt at the pump. But the jet lag — pardon the pun — isn’t just distribution. It’s also hedging.
By John Kingston | May 1, 2012 04:08 PM Comments (1)
A few observations about Delta’s acquisition of the Trainer refinery in Pennsylvania from Phillips 66. (While the deal was originally reported as a sale from ConocoPhillips, Phillips 66 came into being today. So when the transaction closes, it will be the spun-off Phillips 66 as the selling company.)
(Based on reporting by Meghan Gordon, Gregory DL Morris and Jeff Mower. You can read more about the Delta purchase here.)
By John Kingston | January 17, 2012 10:03 AM Comments (0)
In discussing the inclusion of airlines in the EU Emissions Trading System, which started January 1, here are a few numbers to consider:
By Robert Sheridan | July 6, 2011 11:49 AM Comments (0)
Two significant events this summer should help boost commercial production of bio-based jet fuel: the approval of a new fuel standard and the recent completion of a successful first trans-Atlantic flight.
In July, international standards developer ASTM gave a final nod to a new jet standard for hydroprocessed renewable jet fuel. The standard backs the use of up to a 50% blend of petroleum-based jet and biomass-based jet from feedstocks such as camelina, jatropha or algae. Hydroprocessed biojet goes through virtually the same process petroleum refineries use, creating a drop-in form of fuel that Honeywell UOP used recently in a flight from New Jersey to France for the Paris Air Show.
When it touched down at Paris-Le Bourget Airport early June 18, the Gulfstream G450 business jet became the first aircraft to fly from North America to Europe on biofuel, according to Honeywell.
Rekoske, vice president and general manager of renewable energy for Honeywell UOP, took time out from his schedule to answer a few questions via email: