Jet fuel price crosses the break-even mark as momentum builds up in the air travels

 

Heathrow skies in May 2021

With the impending relaxation of travel restrictions, the airlines are optimistic that the days before getting air travel to pre-pandemic level is not just a pigment of imagination of the industry any more.

The mood has never been positive this much during the last 18 months since the world went into the global lockdown of the century.

There are plenty of planes flying over the skies above and near Heathrow, one of the busiest airports in the world; the image, capture on Tuesday afternoon show the changing picture;it was the polar opposite of what we witnessed in February this year with two or three planes in the skies over the same region at any time of the day.

Heathrow, the main airport in the United Kingdom suffered immensely due to the pandemic: it provides hundreds of thousands of locals with employment with an equal number dependent on indirect employment opportunities.

In response to the encouraging relaxation of travel restrictions, the airlines lost no time in coming up with plans that to cash in on the development. As a result, the jet fuel price increased and has now gone above the break-even level.

 

jet fuel above break-even point

As the Coronavirus infections appears to be kept at bay in most parts of the US and Europe, it is not unrealistic to envisage a boom in travel in the coming months.

 

Popular Posts

Wil Iran attack Israel soon? Only time will tell!

Image
  Credit: Google Maps With Iran's threat against Israel in a direct strike, the tension in the Middle East went up a few notches on the scale of uncertainty, as the United States made it clear once again that it would not be a passive observer if a conflict erupts. The rising tension came in the wake of the daring attack carried out by Israeli F-35 fighter jets on the building that was adjacent to the Iranian embassy in Damascus, the Syrian capital. Seven Iranian nationals, along with a few Syrians, died in the attack, two of them were from the elite Iranian IRGC - Republican Guards; they were very high ranking officers. In response to the attack, Ayatollahs Ali Khamenei, the Iranian  supreme leader, said that Israel will be punished in kind, during an Eid message on Wednesday; he did not imply in what form the retaliation could come; nor did he say whether it was imminent, leaving the ambiguity open to interpretation by military and political analysts. The supreme leader, however,
Read more

The Sun goes on Vacation: total solar eclipse - April 8, 2024

Image
Total Solar Eclipse: April 8, 2024: Vivax Solutions The lucky folks along a relatively narrow geographical band, from Mexico all the way to Canda, are going to witness a rare celestial spectacle on Monday, April 8 – a total solar eclipse. The path of totality – where people can witness total darkness - cuts across fifteen US states, before rolling into Canada in its final mesmerising leg. In mathematical proportion to the excitement, the enviably famous American entrepreneurial spirit has already gone into full swing: the hotel bookings, closer to the path of totality, have gone up exponentially and so have the prices; in addition, traders lost no time in springing into action in promoting related merchandise and of course, safety goggles, while implying that exercising caution before looking heavenward is a virtue, indeed.    The excitement that borders on ecstasy is perfectly understandable: astronomical charts show that there will not be another total eclipse for twenty years th
Read more

Mideast Strike Fizzles: Oil Prices Dip Despite Geopolitical Jitters

Image
  The energy markets breathed a sigh of relief on Friday, as the military conflict between the arch-enemies in the Middle East, Israel and Iran, appeared to have subsided - at least, for now. As the news trickled in about an Israeli strike inside Iran in the morning on Friday, it was not clear what really was going on in the Islamic Republic: the airspace was closed all of a sudden in the wee hours on Friday; there were reports about explosions in the city of Isfahan, the third largest Iranian city of immense cultural significance as well as the home for major military sites and above all, Iranian nuclear sites. The Iranian authorities downplayed the attack while reopening the airspace for flights in a couple of hours. The US military officials, meanwhile, had already confirmed about the attack and the involvement of Israel in it. Israel, however, as usual, kept mum about it, neither denying nor admitting it.  A four letter Tweet, 'lame', from a member of the Israeli war cabine
Read more

Latest Energy News from EIA