Posts Tagged ‘Airlines’

Yesterday there was a story reported on CNNMoney.com how the Airlines industry is reeling from the continuing rise in fuel costs. United Airlines announced today they will lay off some 950 pilots in an effort to conserve cash reserves and stay afloat.

Pressured by rising fuel costs, major airlines could collapse as early as this year, the coalition said. The failure of just one airline could disrupt travel for 200,000 to 300,000 daily passengers and cause between 30,000 and 75,000 immediate job losses, said the coalition.

Imagine the impact on the economy if the airline industry as a whole goes under. Business travel slowed to a crawl. Important parts and supplies slowed down by days and weeks. Travel and leisure becoming regional with only the elite being able to travel by private jets, hmmmmmm, sounds more and more like a bad science fiction novel. Is this what is ahead of us? Is this what is “planned”? I’m beginning to wonder who or what is really driving this whole thing. Add some serious wobble to this story.

The Full Report:

Fuel costs could ‘devastate’ airlines


Read Full Post »