Fuel Costs
Fuel costs refer to the expenses incurred by an airline company in purchasing fuel for its aircraft. Fuel costs are a significant portion of an airline's operating expenses and can vary depending on factors such as the price of oil, the distance of the flight, and the type of aircraft used. Airlines may use various strategies to manage fuel costs, such as hedging fuel prices, using more fuel-efficient aircraft, and optimizing flight routes to reduce fuel consumption.
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