Thread: Here comes oil
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Old 11-17-2008 | 05:10 PM
  #26  
nicholasblonde
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Knock on wood lets hope it stays this low...some people are still all "doom and gloom" because of the economy, but they don't understand the fact that the cost savings to airlines due to oil being down is on the order of billions of dollars, whereas the typical recession only causes a revenue loss on the order of millions or hundreds of millions (not to mention the fact that capacity cuts made b/c of high oil prices will absorb at least some of the reduction in demand)
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