And the Price of Inflight Pretzels Will Surely Follow…
Sep 5th, 2008 | By Doug Casey | Category: Emerging MarketsJet fuel is now a U.S. airline’s number one cost, surpassing labor. The Air Transport Association of America (ATA) has calculated that every dollar increase in the price of oil means an additional $430M in annual fuel expenses for U.S. passenger and cargo airlines.
| September 04, 2008 |
The rise in fuel costs has offset all the savings from labor concessions – and then some.
Huge losses and bankruptcies have those carriers still standing desperately looking for ways to cut costs even further. Pay-per-use inflight toilets are unlikely. Instead, frequent flyer programs look like the obvious target. Cash in or gift your air miles soon – use them or risk losing them.
If you’re unsure which part of the world to use those air miles to visit, you might want to check out Without Borders. The most recent issue of Without Borders had a feature report on Fez, a little-known but fascinating city full of expats, hidden away in Morocco.
Every month, Without Borders goes where others fear to tread and finds the landing spots that have yet to be inundated with foreigners. It is often these underappreciated nooks of the globe where the best investment opportunities are to be found.
To learn more about tomorrow’s hot destinations, Click here.
Source: And the Price of Inflight Pretzels Will Surely Follow…
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Doug Casey is a contrarian investor, sought-after public speaker and author of several books. His work "Crisis Investing" held the position of # 1 bestseller on the New York Times list for 26 consecutive weeks. Doug's unusual views on the economy - and just about everything else - have gained a huge following in the investment community, and it certainly helps that his stock recommendations of undervalued junior exploration companies have made his subscribers millions. Now in its 27th year, Doug's monthly newsletter, the International Speculator, is one of the most established and esteemed publications on gold, silver and other natural resource investments. Together with the Casey Energy Speculator, it covers a broad range of carefully selected stocks with the very real potential of double- and triple-digit returns within 12 to 24 months.