03-02-2019, 07:19 AM
Price of jet fuel has more than doubled since then, too.
The price of jet fuel, like the economy itself is cyclical.
It would be difficult to drawn any definitive conclusion between airfare and jet fuel based on its price range over the past 20 years.
https://www.indexmundi.com/commodities/?commodity=jet-fuel&months=240
Air passenger and air freight companies do try and base prices on operating costs which include fuel, going so far as to add fuel surcharges on negotiated rates for freight shippers, but the final cost also includes the elephant in the room - - prices charged by competitors.
Right now I can ship a 10 pound box with FedEx to Maui or Oahu for $3.80. That’s less than I paid 10 years ago. It’s because I can also ship that box with four other carriers if I so choose.
The price of jet fuel, like the economy itself is cyclical.
It would be difficult to drawn any definitive conclusion between airfare and jet fuel based on its price range over the past 20 years.
https://www.indexmundi.com/commodities/?commodity=jet-fuel&months=240
Air passenger and air freight companies do try and base prices on operating costs which include fuel, going so far as to add fuel surcharges on negotiated rates for freight shippers, but the final cost also includes the elephant in the room - - prices charged by competitors.
Right now I can ship a 10 pound box with FedEx to Maui or Oahu for $3.80. That’s less than I paid 10 years ago. It’s because I can also ship that box with four other carriers if I so choose.
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves