Originally Posted by
TurboFan
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!
Those economic articles ususally say a long recession, but in financial terms, thats Q3 of 2009. Thats when they ecxpect the turn to come. It would be roughly summer or fall, which is what a lot of people are predicting will be the turn for the airlines as well. Like you said, it's all a guessing game and we'll see. Apparently ATP has figured it out though lol.