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Oil Price Spike has affected the European Lines

Friday, December 24th, 2010

European airlines were hitted by the Strikes in the year two thousand and ten. The Volcanic ash cloud problem and the weather of winter with temperature at its maximum level. The price of oil which has risen up has also affected the economic building of European flights. Oil Price Spike the key factor which has been the deciding factor to fix the airfare is also affecting.

But the return which the airlines are giving is making the financers free to spend their money on the airplanes and the investors have less to fret about the consumptions which are being made.

Irish no-frills carrier Ryanair this year has used a very less amount of fuel consumption in terms of money. Just before some time chief executive Michael O’Leary admitted that the company has not hindered the fuel needs due to the prices which has increased this year for traveling purpose.

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