With oil prices EXCEEDING $60 a barrel and OPEC hinting that $80 a barrel in the next two years is not beyond the realm of possibility, jet fuel prices are at historically high levels and industry analysts predict they are likely to remain so for at least the next 9-12 months. According to IATA, the world's airlines spent $62 billion on fuel in 2004, $15 billion more than in 2003. And that bill is likely to rise to $83 billion this year, $39 billion more than in 2003. IATA says the price ...

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