Perhaps a little Good News
11-08-2009 | 07:41 AM
#1
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Gets Weekends Off
Joined: Oct 2006
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From: Dismayed
Perhaps a little Good News
From Seeking Alpha:
Airline Monthly Numbers Show Strong Likelihood of Profitability in 2010 -- Seeking Alpha
Oil remaining stable is a big if, but hopefully we can make a few fare increases stick and raise enough coin to need to hire!
Airline Monthly Numbers Show Strong Likelihood of Profitability in 2010 -- Seeking Alpha
Conclusion: Several airlines had at or near record load factors (percentage of seats filled) in October. While air fares are considerably lower than a year ago, airlines have been successful at filling significantly more passenger seats this October than in the past.
There are strong indications going into year 2010, most airlines will finally see an increase in year over year operating revenues. If fuel costs remain stable, next year could be more profitable than many analysts are currently projecting.
There are strong indications going into year 2010, most airlines will finally see an increase in year over year operating revenues. If fuel costs remain stable, next year could be more profitable than many analysts are currently projecting.
11-08-2009 | 10:10 AM
#4
Doesn't Get Weekends Off
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Not necessariy the real case. If we can keep speculators out of the oil market, then the price shouldn't increase at more than 3-5% annually. Eventually oil will be $200/bbl because it is a finite resource, but we have enough to support worldwide demand and growth for the next 15-20 years at a price below $90/bbl if speculators will stay out of the mix.
11-08-2009 | 10:37 AM
#5
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From: The Beginnings
Smart airlines know this and are (presumably) planning for it.
11-08-2009 | 11:39 AM
#6
Prime Minister/Moderator
Joined: Jan 2006
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From: Engines Turn or People Swim
Not necessariy the real case. If we can keep speculators out of the oil market, then the price shouldn't increase at more than 3-5% annually. Eventually oil will be $200/bbl because it is a finite resource, but we have enough to support worldwide demand and growth for the next 15-20 years at a price below $90/bbl if speculators will stay out of the mix.
We will pay $10/gallon and poor people will be riding bicycles again.
I think 2008 was speculation, but it was a good dry-run for when we really start to run out.
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