Airline Financial moderns 03-03-2003 New Oil Price Forecast Adds $2 Billion To Jet firing ISSN: 10405410 Publication Date: 03-03-2003 Page: 1 Type: Periodical Language: English The global spiritedness team at Merrill Lynch raised its 2003 price forecast for oil from $24 a barrel to $2850 a barrel.
Airline Financial moderns
03-03-2003
New Oil Price Forecast Adds $2 Billion To Jet firing
The global spiritedness team at Merrill Lynch raised its 2003 price forecast for oil from $24 a barrel to $2850 a barrel, meaning the already-beleaguered airline industry may have to pay $2 billion more than anticipated for jet firing this year. Every $1 change in the price of oil by means of barrel translates into a 25-cent change in jet material for burning And every penny increase in jet firing adds another $180 million to the industry's firing bill. ...
