U.S. passenger and cargo airline operations burned nearly 20 billion gallons of jet fuel in last year, according to Air Transportation Association. For every penny tacked on to the price of each gallon of jet fuel, an additional $190-200 million are needed in annual fuel costs – if the price rose a dollar higher over the duration of just one year, operating costs would shoot up about $20 billion.While the price airline passengers pay for tickets may inflate slightly, airlines recognize the demand for “elastic” pricing. If you’ve paid only $200 roundtrip to a certain destination last year, would you settle with the rising price reflecting fuel costs, or find another means of transportation, or even another airline?
“People may be willing to travel by air these days, but it’s with the expectation of far lower prices than once paid – largely because, in addition to intense inter-airline competition, travelers may opt for other forms of transportation, carpooling conferencing technologies, or not traveling at all,” The Air Transportation Association reported online.
“Although airlines have recently implemented a few price increases, they pale in comparison to the magnitude of the sustained rise in jet fuel prices.”
While consumers may not feel heavy travel costs associated with rising fuel costs, from airlines to the blacktop, the opportunity to save a little money while traveling is enticing to anyone – especially people traveling frequently, whether for business or leisure.
Crystal International Travel Group Inc. (OTCBB: CINT) targets those travelers, offering travel products and services for higher income, frequent, leisure travelers and business owners.
The company’s IntelliFares brand provides five years of air travel at a fixed price averaging 20 percent in savings over the five year duration that enables customers to join multi-year marketing programs with travel product retailers. IntelliFares was designed to meet the demands of consumers seeking flexibility in travel planning and price while maintaining high quality travel options.
“Air ticket price volatility is one of the biggest concerns for today’s travelers when planning trips. IntelliFares(TM) was created to directly address this concern,” said Crystal CEO Fabrizzio Busso – Campana in a statement.
The company also owns and operates The Travel House, a travel agency enabling the Crystal International the security of making reservations for airlines, hotels, rental cars, tour packages and cruises – then issue tickets and reservation confirmations.