Tuesday, May 3, 2011

High oil prices boost airplane demand: Boeing CEO (Reuters)

A Westjet Boeing 737-700 takes off at the International Airport in Calgary, Alberta, May 3, 2011. WestJet Airlines Ltd, Canada's No. 2 carrier, reported a 20-fold jump in quarterly earnings on Tuesday, lifting its stock, as fare increases introduced to offset higher fuel prices failed to dent passenger demand.  REUTERS/Todd Korol  (CANADA - Tags: BUSINESS TRANSPORT)Reuters - The global airline industry so far is resilient to soaring fuel costs, and carriers are showing strong demand for newer, more fuel-efficient planes, the chief executive of Boeing Co said on Monday.


Source: http://us.rd.yahoo.com/dailynews/rss/airlines/*http://news.yahoo.com/s/nm/20110502/bs_nm/us_boeing

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