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...takeoffs and landings required by shorter routes. As part of its fleet of 49 747s, the largest of any carrier in the world, JAL operated ten of the short-range types, which can accommodate more seats. The flight to Osaka (pop. 2,625,000), a commercial center 250 miles southwest of Tokyo, was sold...

Author: /time Magazine | Title: Disasters: Last Minutes of JAL 123 | 6/21/2005 | See Source »

...placed the plane at 21,860 ft., near the altitude its crew had requested. About three minutes later, Tokyo told the crew where the plane was: "You are now 72 nautical miles from Nagoya. Do you want to land at Nagoya?" A coastal city, Nagoya is 160 miles southwest of Tokyo. But the crew wished to get back to Haneda. The aircraft was now climbing again, back to 24,500 ft., and slowing only slightly...

Author: /time Magazine | Title: Disasters: Last Minutes of JAL 123 | 6/21/2005 | See Source »

...disparate ethnic ingredients and influences in a single dish. In addition to local produce, some of the trademark foods are goat cheese, blue cornmeal, wild mushrooms and game. American wines from a number of states are featured. The preferred fuel for grilling is mesquite, a wood native to the Southwest. Indeed, that part of the country, along with Louisiana and the Carolinas, provides much of the inspiration for dishes that are usually modified with Oriental, French and Italian overtones, all in the best melting-pot tradition...

Author: /time Magazine | Title: Eat American! | 6/21/2005 | See Source »

...most successful airlines are likely to run into difficulties on the hedging front soon. With oil prices so high for so long, no investment bank is willing to cover $26 barrels of oil for anyone, no matter how much cash the airlines can put up front. That's why Southwest's fuel savings will decrease with time. In 2009, for example, the airline will be able to buy just a quarter of its fuel at $35 per bbl. No partner is willing to cover hedges that low now that oil has passed $50 per bbl. "We're willing to write...

Author: /time Magazine | Title: Energy: Hedging Their Costs | 6/20/2005 | See Source »

Alaska Airlines, with $800 million in cash, is second to Southwest in benefiting from hedging, according to industry analyst Cordle. The low-cost carrier, which largely serves the West Coast, has netted more than $100 million in savings from its smart hedging positions since 2002. This year the airline will buy half its fuel at $30 per bbl. But like Southwest's, that spread will diminish by the end of the decade. By then, all airlines will have to face the reality that their core business--not their fancy financial instruments--can be the only guarantor of success. JetBlue...

Author: /time Magazine | Title: Energy: Hedging Their Costs | 6/20/2005 | See Source »

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