Today airlines companies face many problems there are many factors that contribute to these problems and the unstable fuel cost is one of them. The value of a barrel of oil has a direct impact on airliners within the European aviation industry. With the current political disputes in Eastern Europe between Ukrainian oil and gas company Naftohaz Ukrainy and Russian gas supplier Gazprom over natural gas supplies, numerous European countries that depend on Russian natural gas transported through Ukraine. The unrest in Nigeria with pipelines attacks, kidnapped petroleum company employees and in the Middle East with Iraq war and Iran nuclear ambitions, all this influence the oil production in these countries therefore the cost of oil is likely to rise as is the unstable nature of this resource and industry in general. According to the statistics from the General Aviation Bureau, due to the fuel price surge, the cost of fuel has accounted to 31% of the cost of major business of airline companies in the first half of the year 2008 from 22%. The whole airline industry has afforded additional cost expenditure of $200 million for the same period. Increases in fuel prices affect the airlines in many ways, first the cost of fuel has an obvious and direct impact on the cost of operation, and secondly fuel cost increases have repeatedly triggered economic recessions, which in turn result in a substantial decline in demand for air travel and air cargo. Fuel price increases have a particularly adverse impact on airlines because even in good time fuel costs constitute around 10% to 12% of their operating expense. Every penny increase in the price of jet fuel costs the airline industry $180 million a year.  In the absence of pricing power, the ability to pass these costs along in the form of higher airfares -these increases comes right off the bottom line of these companies.  The airlines are doing everything they can to conserve and reduce their fuel consumption. With the evolution of commercial aviation, airlines have insisted upon the most fuel-efficient aircraft possible and have worked with airframe and engine manufacturers to reduce fuel consumption but still the fuel price is an incontrollable factor that they have to deal with.