 |
         
|
The ripple effect of high energy prices attracted feature coverage on all three networks. ABC had John Berman (embargoed link) track the threat of consumer price inflation as manufacturers stop absorbing the higher costs of raw materials from firms like Dow Chemical and start passing them on. NBC's Tom Costello continued his Running on Empty series with vacationers Ed and Joan Pabian in Estes Park Colo, who spent $1044 on diesel to drive their RV to the Rockies from Florida. CBS publicized a survey by the Travel Industry Association that estimated that airlines lost $9.5bn in revenue last year from 41m skipped trips. Those non-travelers complained about "delays and cancelations, security lines and baggage problems." Mark Strassmann pointed out that airlines cannot afford to correct those problems since they are strapped by the high cost of aviation fuel. "The only debate seems to be whether the system has actually hit bottom."
You must be logged in to this website to leave a comment. Please click here to log in so you can participate in the discussion.
