Many airlines have tried to seek financial refuge in the last few years by expanding international operations.

Big problem brewing. The fall of the US dollar is part of the upward pressure on oil prices since world oil is priced in US dollars. US airlines flying abroad end up paying more US dollars for Jet fuel while the foreign airlines enjoy a cost advantage departing from overseas and filling up in the US.

This could get ugly real fast. The US consumer already loathes the thought of going to the airport. They are so fed up they are willing to try anything new (like a foreign airline). Now to make matters worse US airlines will not be able to compete on price because of the cost disadvantage on fuel.

Next shoe.... Oil gets priced in another currency!