Originally Posted by
el jefe
As oil prices continue to decline and the economy returns to life...
No argument on the oil prices coming down, but the economy returning to life? I don't see that happening right now or any time soon. The airlines took a 1-2 punch this year. First it was the oil, now it's the economy. I could reference many articles that say this is only the beginning of a possible long-term economic downturn. Corporate travel is largely expendable and when doing budgets for 2009, I fear many companies will make big reductions in business travel which could have a heavy negative impact on the airlines.
I hope and pray this article is an accurate representation of things to come and would love nothing more than to see things improve around here, but I just don't see the airlines flourishing in a deep recession when many other businesses are struggling. Here's to hoping!