As the price of oil rises we’re seeing many economic impacts. The airlines, of course are getting hit hard — a story from today’s USA Today reports:
Airlines are being creamed by the latest hike in fuel costs. Airline watcher Terry Trippler of Cheapseats.com says it now costs $103,400 to fill a Boeing 747-400 for a flight to Asia, up from $48,000 two years ago. That works out to $253, one way, for each of the 408 seats (more…)