AstroLounge, I bet demand will drop like a lead ballon. Airlines have set up a house of cards that will tumble in the wind. Leisure travelers and only leisure travelers fill our planes. They will go away at the first hint or the media's announcement of the pending onset of the comming recession. Employees are tapped out...mismanagement has already taken all that can be taken from employees, so that time honored management, source of quick relief in time of recession, the employees has dried up. MBAs in their zeal to "push all costs" onto employees and vendors, have done succeeded; however, vendors have had enough and have been left holding the bag after bankruptcies after bankruptcies and they will balk at any further attempts to leave them "high and dry"again. Fuel costs are high, however, they may come down a bit after the market realizes we have entered a recession. It is the MBAs that created the credit meltdown that will be the catalyst to the comming recession. It is the MBAs that have set up a house of cards that will come crashing down on the airline industry with the comming recession. It is my thought, that after this next round of failures and bankruptcies, the government may have to nationalize the airline industry. I know that is radical (I am opposed to nationalization in any form), however, if the airlines are in peril and if they are in fact such a important part of our economy and national defense, the national government will have no choice as the public will demand it.
Wew! Let me stop gazing into that crystal ball, it is scary.
