Jet fuel prices creeping up through 3Q2009, alternative fuel breakthrough

IATA has warned that although oil and jet fuel prices have moved "broadly sideways" over the past few months, an expected steady rise increase in fuel costs will be a "significant offset" to any improvement airlines see in terms of improving levels of passenger traffic. Oil prices were up by approximately USD10 per barrel in 3Q2009 over 2Q2009, averaging USD76 per barrel, and have increased USD14 per barrel over 1H2009 averages.