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-- -- low prices retreating quite a bit today after hitting a five month high.
Yes they got about three dollars despite a -- dropping.
We're still via higher fuel prices for airlines making -- more expensive for you to travel just in time for the holidays right great.
Joining me now is Mike -- airline consultant president of -- group.
International alright might.
You know what our most airlines less reliant on that price of fuel in other -- they're they're hedged now more than they used to be so it's not that that big of a driver.
Oh what the big driver you can lose a lot of money and hedges do.
Click on a -- think if you might feel lucky and you might not be so they just don't make no difference.
So what is this going to do then for air travel I guess may not be too late to really consider Thanksgiving but certainly Christmas and into 2012.
In terms of the expense.
Well it's it's.
It's gonna go up there's no question about it this Thanksgiving week is gonna be about 4% fewer seats than a year ago so airlines to kind of squeezing down the capacity that would get the -- up.
-- to the same thing over Christmas.
How much more can they squeeze -- -- every plane I've ever been on here in the last year and a half is packed to the gills every single seat what are they doing to squeeze more capacity out.
Well they did that this means that they get rid of the cheaper seats and they can charge more for what's left.
But let's remember airplanes don't get jam packed they get full it's not the seventh avenue subway with an even full for the last you know five or six years.
And they just been pulling down capacity to get the revenue up our airlines we need to up their bottom lines are they about -- the point where.
-- squeeze as much capacities they can then obviously -- raising prices but how much more can they raise prices.
Well you know it's not so much prices it's every -- that they can dream our moral can't bring in the thieves they can think up.
A new one airline now charges for overhead space and -- how to get away with a but the do OK I know I like that ala carte pricing model though.
-- -- -- -- a really cheap based there and I pay a little more for this and that's what kind of like what Spirit Airlines don't you telling me that.
All the -- the big airlines are gonna start going down that road.
No other not to do it spirit does what I like spirit a lot they're -- they're good people.
But the reality is people buy on the basis of the clearly add -- come later and and I don't think an American Airlines the united could handle the kind of things that spirit does it's a much smaller carrier.
You know -- we have we talk about biofuels the other day how he got some of these airlines Alaska Airlines when experimented biofuels and whatnot.
Is this really an alternative a viable alternative -- -- and when can we see this if full blown.
Well fifth full blown as soon -- Elvis comes back.
I think it's it's it's basically the reality of it is yet at the -- Greece from the McDonald's deep Fryer isn't gonna help us.
Let's remember that the mess we created with flex fuels for cars where you're taking.
Food and changing it into fuel there's a lot of unintended consequences and it's something to look at but is -- any solution I don't think so.
Pilot the record state Mike Boyd not a big fan of the bio fuel trays that we've been going through in the last week Michael is that sad and we thank you -- -- -- -- --
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