unless oil goes back to $70-$80 a barrel I think this industry is going to be in trouble for a long time.Airlines havent had the time to pass the cost of oil to air tickets fast enough.
If oil doesnt come down ,airlines will have to charge more to fly and a lot of people will just stop flying.
I think is going to take 4 years to be back to normal, by then a lot of pilots will be getting out (65 years old) and airlines will resume their hiring back to levels seen last year.what do you guys think?