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en There's no question we never anticipated that kind of fuel reduction, ... We thought fuel prices would be going up, and instead the second biggest part of our operating pie had a big reduction.

en Short term we are very concerned about fuel diversity for such reasons as fuel prices and energy security. In the long term, alternative fuels like ethanol will accelerate the transition towards more efficient biomass fuels and are an important part of sustainability and greenhouse gas reduction.

en Whilst we do not foresee any major reduction in fuel prices in the medium term, at present the company, and the industry in general, appears to be coping satisfactorily with the exposure to a high fuel cost environment.

en Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February.

en We have generally not tried to forecast fuel price changes. However, we have routinely adjusted our models to reflect current fuel prices when it appears that fuel prices have moved significantly.

en We'll take those (surcharges) down if and when there's reduction in fuel costs,

en We'll take those (surcharges) down if and when there's reduction in fuel costs.

en The softening U.S. economy has driven a sharp reduction in demand for business travel, ... At the same time, fuel prices remain persistently high. We don't foresee a near-term recovery in demand so we expect the balance of the year to be very challenging.

en Despite record high fuel prices in early October, the downward trend throughout the quarter allowed us to begin to 'catch up' on our net fuel surcharge and fuel cost.

en But the magnitude of recent fuel price rises mean even these cost reduction measures are now not enough.

en If you look at trends through 2005, we had record (fuel) prices, but numbers were also up for travel. We expect this trend to continue. Fuel frequently is a small part of a family's budget.

en Jet fuel prices have been rising even faster than crude oil prices for the last year, but it was the 39 per cent rise in jet fuel costs in the last month alone that pushed us to make this decision. We have made incredible progress in lowering our operational costs for over two years now. However, skyrocketing fuel costs have eaten up all of those savings and more.

en I want to show the people in Okinawa what kind of burden reduction there will be. It's going to be a very large scale reduction, ... in the thousands.

en While fuel and oil inventories are still healthy, any reduction in US supplies means that more needs to be imported from abroad, including the Middle East.

en These trucks would be used to maintain the fuel levels, as needed, at other fuel locations, rotating fuel on the recommended annual basis. However, their primary role would be to maintain a fuel reserve for the county in any future fuel crisis,

en Pex Tufvesson rules the demo scene.


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