September 04, 2008




Jet fuel is now a U.S. airline’s number one cost, surpassing labor. The Air Transport Association of America (ATA) has calculated that every dollar increase in the price of oil means an additional $430M in annual fuel expenses for U.S. passenger and cargo airlines.

The rise in fuel costs has offset all the savings from labor concessions – and then some.

Huge losses and bankruptcies have those carriers still standing desperately looking for ways to cut costs even further. Pay-per-use inflight toilets are unlikely. Instead, frequent flyer programs look like the obvious target. Cash in or gift your air miles soon – use them or risk losing them.

If you’re unsure which part of the world to use those air miles to visit, you might want to check out Without Borders. The most recent issue of Without Borders had a feature report on Fez, a little-known but fascinating city full of expats, hidden away in Morocco.

Every month, Without Borders goes where others fear to tread and finds the landing spots that have yet to be inundated with foreigners. It is often these underappreciated nooks of the globe where the best investment opportunities are to be found.

To learn more about tomorrow’s hot destinations, Click here.


 
The Casey Research web site & Kitco Casey web site, Casey’s Investment Alert, Casey's International Speculator, Casey's Gold & Resource Report, Casey’s Energy Confidential, Casey's Energy Report, Casey’s Energy Opportunities, Casey's Trend Trader, The Casey Report, Casey's Extraordinary Technology, Conversations With Casey, and Casey's Daily Dispatch are published by Casey Research, LLC. Information contained in such publications is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The information contained in such publications is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. The information in such publications may become outdated and there is no obligation to update any such information.

Doug Casey, Casey Research, LLC, Casey Early Opportunity Resource Fund, LLC and other entities in which he has an interest, employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or web site. Corporate policies are in effect that attempt to avoid potential conflicts of interest and resolve conflicts of interest that do arise in a timely fashion.

Any Casey publication or web site and its content and images, as well as all copyright, trademark and other rights therein, are owned by Casey Research, LLC. No portion of any Casey publication or web site may be extracted or reproduced without permission of Casey Research, LLC. Nothing contained herein shall be construed as conferring any license or right under any copyright, trademark or other right of Casey Research, LLC. Unauthorized use, reproduction or rebroadcast of any content of any Casey publication or web site, including communicating investment recommendations in such publication or web site to non-subscribers in any manner, is prohibited and shall be considered an infringement and/or misappropriation of the proprietary rights of Casey Research, LLC.

Casey Research, LLC reserves the right to cancel any subscription at any time, and if it does so it will promptly refund to the subscriber the amount of the subscription payment previously received relating to the remaining subscription period. Cancellation of a subscription may result from any unauthorized use or reproduction or rebroadcast of any Casey publication or website, any infringement or misappropriation of Casey Research, LLC's proprietary rights, or any other reason determined in the sole discretion of Casey Research, LLC. © 1998-2009 by Casey Research, LLC.