With a higher price of fuel, higher prices must prevail, although I remain firmly of the belief that sudden and significant increases do de-stimulate the market.
More Quotes from Clive Beddoe:
For the past three quarters we have simultaneously increased yield, load factors in the face of increased capacity.Clive Beddoe
The only way for the market to accept this reality is if fares are advanced slowly and cautiously, and the very low fares do still appear from time-to-time in the market to allow those who will not travel without them to have access to our service.
Clive Beddoe
Both Air Transat and Air Canada went to a variable voting structure and we were the oddball,
Clive Beddoe
It isn't so much the absolute price of oil, as it is the increasing price, ... If we sell seats based on 50 oil and then fly people at 65 oil, obviously it's not going to be good for earnings.
Clive Beddoe
I don't think it's coming to any resolution. It's continuing down this very slow and arduous path.
Clive Beddoe
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