"William W. Plummer" wrote in message
...
Peterpan wrote:
Delta announced today it will lose another 1 Billion dollars in 2005

Most of the US Airlines are losing money due to higher fuel cost's

In Europe, airlines are making money and the fuel is 3 times more
expensive.

I don't get it.

Is it some new type of math the US airlines are using or have they become
bloated Politically Correct business model disasters due to PC hiring
practices and employee perks?

Or are they looking for a tax payer bailout for their inefficient
business operations?

Most European countries have heavy taxes on petrol. The cost of the
actual product is less than in the US. My guess is that the EU wants to
encourage airline business and provides some tax breaks.

The tax on jet fuel is the same in Europe as it is in the US. The price of
jet fuel in the Uk is about £0.40 /litre as opposed to AVGAS which is £1.20
a litre. Its one of the reasons why diesel engines are of interest in
Europe.

In their last report BA said they expected that the would have additional
fuel costs of £300 m despite the fact that the dollar is at banana republic
values. all the gains from having one of their biggest costs priced in
dollars has been wiped out by the increase in fuel.

Not withstanding that they expect to post profits this year of about $1bn
and with no government handouts, loan guarantees, etc etc.