With the renewed turmoil in the Middle East, the price of a barrel of oil has soared to more than $78 and is on its way to $100 a barrel, said Scott Hamilton, airline consultant.

The rising fuel prices have forced low-cost carriers like Southwest Airlines to raise prices and may cause weaker carriers into bankruptcy, Hamilton said. More...

http://methodiquill.blogspot.com/2006/07/scott-hamilton.html

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