How to Profit From Airlines’ Push for Fuel Efficiency
Jul 23rd, 2008 | By Chris Mayer | Category: Featured, Financial NewsThe airline industry is facing a major crisis.
The price of fuel now makes up 35 percent of airline costs compared with 13 percent a decade ago. Capital and Crisis editor Chris Mayer says if oil prices stay where they are and nothing else changes, the airline industry will lose about $6 billion this year, compared with a profit of $5.6 billion last year.
This creates a great ‘hidden’ opportunity for investors. More fuel-efficient engines will require the use of exotic metals that can cope with higher-then-normal engine temperatures – metals like cobalt…