Airlines seek new ways to save on fuel as costs soar
Fuel is an airline's biggest single expense. In 2008, the cost of jet fuel rocketed. Airlines tried to switch to newer generation aircraft, which have more fuel-efficient engines.
Is the price of fuel a fixed cost or a variable cost for an airline?
The cost of fuel is ____ cost for an airline.
A. a variable
B. an unlimited
C. a fixed
D. sometimes a variable cost and sometimes a fixed