Last week fuel price at $140/barrel for jet fuel, increase to industry year on year $36b, 9.1% in a month in an industry with a margin around 5% in times of feast:
Jet Fuel Price Monitor
At current fuel prices no carrier or aircraft in the world will make money without inceasing ticket prices. Competing on price rather than service will destroy the industry.
If prices aren't increased industry will go bust. Discuss!