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Gulliver Business Travel
Could business travel survive an oil shock?
INCREASED jet fuel prices are clearly causing problems for airlines' profit margins. But what if the instability in the Middle East spreads, or worsens? What if oil prices keep rising? Could the airlines survive? Would business travel itself be endangered? Reuters' Peter Myers points to some comforting data from a study conducted by the Global Business Travel Association Foundation (GBTA).
The GBTA study attempts to predict the outcome of three of the airlines' nightmare scenarios: oil prices hovering at or above $125, $150, or even $200/barrel through most of 2011 before returning to earth in 2013.
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