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Spot prices for jet fuel have dropped below $2.30 a gallon. A year ago this time, airlines were looking at spot prices over $2.90 a gallon. For a point of reference, each penny drop in jet fuel prices saves American Airlines Group about $44 million and Southwest Airlines about $18 million annually.
We are talking BIG MONEY here! Can't wait to see the quarterly profit after two months of fuel this cheap!usa1 said:
Spot prices for jet fuel have dropped below $2.30 a gallon. A year ago this time, airlines were looking at spot prices over $2.90 a gallon. For a point of reference, each penny drop in jet fuel prices saves American Airlines Group about $44 million and Southwest Airlines about $18 million annually.