DOT Rejects Blanket Dormancy Waiver
The DOT has decided to deny the request by seven airlines to allow them to suspend international routes without losing the rights. This could get interesting.
Ramping Up Alternative Propulsion Systems
With fuel prices climbing, engine manufacturers are looking for new ways to reduce fuel burn. At least one concept is almost ready to fly.
Virgin America Appeals DOT Decision with a Vengeance
Unhappy with the DOT’s decision to require public submission of Virgin America’s data, the airline has decided to appeal with fists flying.
Allegiant Leaves Green Bay for Appleton
Allegiant really does practice what it preaches. Green Bay started charging more, so Allegiant packed up and moved 33 miles down the road to Appleton.
The Airlines Attack Oil Speculators
The ATA has gathered US airlines to fight oil speculation. Will it help or just end up making things worse?
1 comment on “This Week on BNET (July 7 – 11)”
On the Airlines Attack Oil Speculators, I think this is a bad move. For one, I wholly disagree with the premise that speculators are the major reason for increasing oil prices. But, with currency inflation happening all around the globe, investing in commodities does make sense.
The ATA press release is partly correct about the speculators that never intend to take delivery of said oil driving prices up. However, if we force the gov’t to regulate the speculation investors simply aren’t going to stand by and earn less on their captial. They’ll take those dollars over to Dubai or Iran or Russia or any of the other places trying to start up an oil bourse. No oil producer will want their product sold in a fixed market where they can’t get the most return on investment, plain and simple.
In the end the airlies will be in even more pain trying to buy oil futures in Euros at some new exchange on the other side of the globe. We have a good deal with the majority of oil being traded in US dollars on an exchange in the USA.