WeAAsles
Veteran
- Joined
- Oct 20, 2007
- Messages
- 25,916
- Reaction score
- 5,344
I read an article about how AA stock has fallen 7.5% over this past year. The fuel cost is one of the biggest problems. I’m sure the company will use that against us during negotiations. The company always find the way to not give us a decent contract. When times were good they had no excuse to give us a fair contract. Now they will say the company is losing money and cannot give us a fair contract. I hope we get back to the table soon, before they ask for concessions!
“Worldwide crude oil prices will average $63 a barrel in 2018 and in 2019. That's a dollar higher than the previous month's Short-term Energy Outlook by the U.S. Energy Information Administration.
In April 2018, global oil prices averaged $72/b. It's $6 a barrel higher than in March. Traders were responding to the November 30, 2017, OPEC meeting. The oil cartel's members agreed to keep production cuts through 2018.
On May 10, 2018, global oil prices reached $80/b. Investors believe Iran's oil supply will dwindle once sanctions are reimposed. On May 8, the United States pulled out of the Iran nuclear agreement and reinstated sanctions. It may also sanction companies who continue to deal with Iran.”
https://www.thebalance.com/oil-price-forecast-3306219