Originally Posted by
rickair7777
Maybe but that depends on oil and the economy...
Borrowing a page from Homeland Security, here's a color-coded economic threat indicator:
Green: Oil < $90
Yellow: Oil $90-130
Orange: Oil $130-150
Red: Oil > $ 150
I know what you're saying in terms of economic condition & energy prices, but in the crazy times we live in, the raw price of crude oil ain't remotely close to the cost of refined fuel to end users...like you & me in our cars, or airlines by the millions of gallons.
Light Sweet crude closed yesterday just below $104/bbl with Brent crude just shy of $118/bbl, yet almost all refined fuel prices are at or, in some cases, actually above where they were in July 2008 with oil pushing $150/bbl.
Maybe the ATA needs to build a refinery to provide fuel to airlines...that'd probably be cheaper than incurring billions in collective losses...