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airport |
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airport
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| Private jets, new and used, usually run
between $20 and $40 million, with a fractional ownership--typically
one-eighth of a $25 million plane--costing around $3 million annually,
not including fuel, management, maintenance and airport fees. At the same time, airport fees swelled 300%, taxes went up 150%,
insurance increased 60% and fuel prices began to rise. Ex-fuel, unit costs rose due to
increases in wages and benefits, higher commercial costs related to the
higher yields obtained in the quarter, higher airport fees, and higher
fleet related expenses as a result of a larger fleet. |
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