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348 comments on DrumBeat: July 24, 2008

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ldegruchy on July 24, 2008 - 9:17am Permalink | Subthread | Comments top

Rising fuel prices are hitting cabbies hard:

http://www.canada.com/montrealgazette/news/story.html?id=a1bfd999-7d20-4...

An association representing 4,000 taxi drivers across the province is asking the Quebec Transport Commission for a 10-per-cent fare hike, citing the high price of fuel and the chunk it is taking out of cabbies' revenues.

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Violinist on July 24, 2008 - 9:43am Permalink | Subthread | Parent | Comments top

Low-cost airlines are also still getting battered.

Easyjet plans cuts as costs bite

Budget airline Easyjet will cut flights over the winter to offset a challenging economic climate and the high fuel prices that have dented profit growth.

Easyjet said its annual fuel costs have increased by about £185m. As a result, its full-year earnings will be less than many analysts had been expecting.

It will cut capacity at Stansted by 12% over the 2008/2009 winter. Easyjet shares fell 3% in London on the news.

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SamuM on July 24, 2008 - 12:00pm Permalink | Subthread | Parent | Comments top

Same thing at Ryanair:

British Airways Plc, Ryanair Holdings Plc and Air France-KLM Group had their earnings estimates cut by analysts at Merrill Lynch as fuel costs increase and demand for air travel slows.

And they still continue their price obsfucation shenanigans.

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348 comments on DrumBeat: July 24, 2008

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