Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on AviationPublisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 92
Book Description
The Effect of Fuel Price Increases on Airlines and Passengers
Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on AviationPublisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 92
Book Description
Aviation
Author: United States. Government Accountability OfficePublisher:
ISBN:
Category : Airlines
Languages : en
Pages : 25
Book Description
The aviation industry is vital to the U.S. economy. Passenger airlines directly generate billions of dollars in revenues each year and communities depend on passenger airlines to help connect them to the national transportation system. Between 2002 and 2013, jet fuel prices more than quadrupled from $0.72 to $2.98 per gallon and general aviation gasoline prices more than tripled from $1.29 to $3.93 per gallon in nominal terms. The Airport and Airway Trust Fund (trust fund) is funded principally by excise taxes on ticket purchases, aviation fuel, and cargo shipments as well as interest revenue. Section 808 of the FAA Modernization and Reform Act of 2012 required GAO to study the impact of increases in aviation fuel prices on the trust fund and the aviation industry in general. This report discusses (1) the impact of increases in fuel prices from 2002 to 2013 on commercial passenger aviation, (2) the impact of increases in fuel prices from 2002 to 2012 on general aviation, and (3) the results of GAO's analysis of how future increases in fuel prices could impact the trust fund. GAO reviewed studies and other literature on the impact of fuel price increases. GAO conducted an analysis that included scenarios with increases in fuel prices up to 200 percent (as mandated by Section 808) through 2024. GAO also interviewed government officials and aviation associations. GAO is not making any recommendations in this report.
Aviation
Author: United States Government Accountability OfficePublisher: Createspace Independent Publishing Platform
ISBN: 9781982000509
Category :
Languages : en
Pages : 30
Book Description
AVIATION: Impact of Fuel Price Increases on the Aviation Industry
Aviation
Author: Gerald L. DillinghamPublisher:
ISBN: 9781457858116
Category :
Languages : en
Pages : 30
Book Description
The aviation industry is vital to the U.S. economy. Passenger airlines directly generate billions of dollars in revenues each year and communities depend on passenger airlines to help connect them to the national transportation system. Between 2002 and 2013, jet fuel prices more than quadrupled from $0.72 to $2.98 per gallon and general aviation gasoline prices more than tripled from $1.29 to $3.93 per gallon in nominal terms. The Airport and Airway Trust Fund is funded principally by excise taxes on ticket purchases, aviation fuel, and cargo shipments as well as interest revenue. This report discusses (1) the impact of increases in fuel prices from 2002 to 2013 on commercial passenger aviation; (2) the impact of increases in fuel prices from 2002 to 2012 on general aviation; and (3) the results of GAO's analysis of how future increases in fuel prices could impact the trust fund. Tables and figures. This is a print on demand report.
The Effect of Fuel Price Increases on Airlines and Passengers
Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on AviationPublisher:
ISBN:
Category : Airlines
Languages : en
Pages : 81
Book Description
Prediction Factors Influence Airline Fuel Price Changing: Reasons
Author: Johnny Ch LokPublisher: Independently Published
ISBN: 9781792999611
Category : Nature
Languages : en
Pages : 50
Book Description
1.2Positive change environment factor increases airline entertainment need (2)The second airline fuel price increasing factor: How does positive social change environment factor influence airline entertainment industy. I shall indicate economic growth example. When one country has better economic development in the year. Then, employers will have more effort to do businesses. Then, they will create many jobs to provide to the country citizen to do. When, these unemployed people have jobs to do, they will have extra income to save. They can spend extra to prepare to spend to enjoy their entertainment every year, such as travelling. Thus, the positive social change will influence traveller number increasing, then the plane flying times will also increase, it will cause planes need to use much fuel to fly. The result, it will also increase fuel demand, but the fuel natural resource number will decrease, so fuel supply will also decrease. Finally, it will also cause fuel price to be risen.1.3External industries behavioral changing factor to influence airline fuel price changesAlso, I shall indicate the financial risk of airline industry evidence from Cathay Pacific airways and China airlines against key determinants of which include interest rate, exchange rate and fuel price risk for the period of January 1996 year to December 2011 year. During this period, these key external factors which were the most serious influence to cause these two airlines choose to change their strategic behaviors. Due to any these financial risks is difficult to predict and it was also changing often, these factors will also affect any airlines stock returns which arise from changing economic conditions, e.g. fuel price movements and fluctuations in exchange rates. These external unpredicted changing factors will attribute to the air tickets cyclical demand, capital investment, fixed costs of labor and landing rights to this global airline industry. However, the relationship between fuel price and stock prices varies across economies. The effects of oil price changes in sub-sector indices, such as wood, paper and printing, insurance and electricity. In the past, on global stock exchange market was positively significant in 2011 year. Otherwise, with respect to the U.S.A. aviation industry, some economists suggested that global airlines stock returns were negatively to percentage change in fuel prices related to any airline firm value, e.g. Qantas and Air New Zealand were negatively share price growth to fuel price risk in the short term in the 2011 year.Thus, it brings this question: Will external industries strategy behavioral changing factor be one important factor to impact fuel price falling or rising? I feel external industries strategy behavioral changing factor must not one important factor to impact fuel price falling or rising .The reason is such as below: (1) airline transportation industry itself demands are increasing
A Methodology for Evaluating Economic and Policy Impacts on Airline and Passenger Behavior
Author: John FergusonPublisher:
ISBN:
Category : Aeronautics, Commercial
Languages : en
Pages : 576
Book Description
This dissertation describes an equilibrium model to examine domestic airline scheduling and pricing behavior in response to changes in fuel prices and runway capacity limits. A major re-design of an equilibrium model developed by Le (2006) was performed that allows one to look at the responses of the airline industry as costs change and/or as capacity limits are altered. Part of this re-design required an analysis of the sensitivity of airfares to supply changes and the development of general elasticity models for each of the major markets served by the airports in this study. The US Government expects to spend $37 billion in order to increase airspace capacity in the US (e.g. SESAR/NextGen) while economists argue that there are market-based mechanisms that can better manage congestion at airports where expansion is impossible and during the interim before the technologies are fully functional. Those that argue against market-based approaches worry that passengers in smaller markets will lose air-transportation access, airlines are too fragile to incur any new taxes, airfares will increase and it will not force the up-gauging that will improve throughput with current technologies. By evaluating how cost changes and/or capacity changes impact airline behavior, one can evaluate if these arguments are justified. Airline domestic scheduling and pricing behavior is examined at eight congested airports (BOS, DFW, EWR, JFK, LGA, ORD, PHL, and SFO) because they generated 47.5% of the flight delays in 2007 and 42.6% of the flight delays in 2010. We record changes in the markets served by each of these airports, the frequency of service to these markets, changes in the aircraft size, the number of passengers served and the average airfares when fuel price are increased and when runway capacity limits are imposed. We also examine the effect of these changes on the profitability of the airline industry and the amount of fuel used. The results of this analysis show that: The system is very sensitive to fuel price changes and less sensitive to capacity changes, especially between Visual Flight Rules (VFR) and Marginal Visual Flight Rules (MVFR). The Airport Schedule Optimization Model (ASOM) developed in this dissertation indicates that the airline industry is robust but will alter their schedules and service to maintain profitability. As fuel prices increase, airlines are likely to show greater changes in their schedules and the model reflects an increase in airfares, a decrease in passengers served and a decrease in aircraft gauge. As fuel prices start to increase operational costs are dominated by fuel costs. When this occurs, airlines no longer see the economies of scale related to aircraft size that are exhibited at lower fuel costs.
Deregulation, Increased Competition is Making Airlines More Efficient and Responsive to Consumers
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Aeronautics and state
Languages : en
Pages : 112
Book Description
Discusses changes in the U.S. airline industry since enactment of the Airline Deregulation Act of 1978.
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R KpodarPublisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Aviation
Author: U S Government Accountability Offi GaoPublisher: Independently Published
ISBN: 9781072366140
Category :
Languages : en
Pages : 32
Book Description
AVIATION: Impact of Fuel Price Increases on the Aviation Industry