Here is an excellent paper if you wish to know more …

What are your thoughts on this?

Hi Kabir
Here is an excellent paper (its from Cranfield) on Airlines and Fuel ‘Hedging’

https://dspace.lib.cranfield.ac.uk/bitstream/1826/3029/1/Airline%2520jet%2520fuel%2520hedging%2520-%2520theory%2520and%2520practice.pdf

My bets are on fuel economic aero engines and aerodynamic enhancements, alternative fuels for aero engines, and in the long term future completely revolutionary designs.

Along with this first line military usage of UCAVs as they are lighter and far more fuel efficient.

As for Low Cost Model or conventional carrier the implications are the same – nothing stays still when crude oil climbs – so a LCC ticket at say £1 may be £1.50 next year