The IATA has just stated that worldwide, airline losses will be about DOUBLE their previous forecast!
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQSs9CGd9Auc
Asia and Europe are tanking like crazy, swine flu is not helping at all and things are not looking up! This era makes 9-11 look like a walk in the park!
-Looks like a GREAT time to put 45% of one's eggs in the INTL basket-eh?
-Cue Gen Lee and his "McRonald's" childishness, but folks-the whole industry is hanging on to the very edge of a cliff by its fingernails!
-This ain't good, and the decisions idiot airlines who were foolish enough to think the U.S. economy would tank and the INTL routes would be very profitable have not helped the situation at all!
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQSs9CGd9Auc
Asia and Europe are tanking like crazy, swine flu is not helping at all and things are not looking up! This era makes 9-11 look like a walk in the park!
-Looks like a GREAT time to put 45% of one's eggs in the INTL basket-eh?
-Cue Gen Lee and his "McRonald's" childishness, but folks-the whole industry is hanging on to the very edge of a cliff by its fingernails!
-This ain't good, and the decisions idiot airlines who were foolish enough to think the U.S. economy would tank and the INTL routes would be very profitable have not helped the situation at all!