Air Canada's fuel budget for 1982 is $645 million, and represents 30% of the airline's annual operating expense. No single airline expense item has escalated faster than fuel price. Combine this with inflation, high interest rates, general recession and the pressure of de-regulation, to see that we are guiding the airline industry through a grave financial crisis—and some airlines will probably not survive.
Advanced Navigation Systems and Fuel Conservation
Aircraft Engineering and Aerospace Technology ; 55 , 7 ; 21-22
1983-07-01
2 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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