Oil prices, economy leaving airlines in a worse state than post-9/11

[Bluebear]

Record oil prices and a slowing global economy has left airlines in a worse state than after the 9/11 terror attacks, the industry's chief economist said yesterday. Brian Pearce, Chief Economist at the International Air Transport Association (IATA), said that aviation was facing its biggest crisis in 30 years.

He said that airlines have been hit by the ‘double whammy’ of a collapse in consumer confidence and a dramatic rise in the cost of aviation fuel and ‘the impact is probably slightly worse than after 9/11,’ adding that he expected the downturn to last until at least the first part of next year and that ‘it is going to be a difficult year, especially in the United States.’

http://www.uk-airport-news.info/gatwick-airport-news-030608c.htm

[Hydra]

1. I haven't flown for over 15 years

And given all of the new restrictions, it doesn't sound like I'm missing much.

Now consider the fact that there are LOTS of me's. No surprise they aren't doing well.