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Changing Times

Today's USA Today  provides a competent overview of how high oil prices are changing the airline industry.

The paper writes, "By this time next year, there could be as many as 20% fewer seats available if carriers respond to oil prices well above $100 a barrel by cutting as many flights as securities analysts such as JP Morgan's Jamie Baker are suggesting. That would be like shutting down a carrier the size of American Airlines, the world's largest, which, with its regional carriers, operates 4,000 flights daily. That alone would sharply increase demand and prices for plane tickets."

Posted on Thursday, May 1, 2008 at 09:50AM by Registered CommenterKent in | CommentsPost a Comment

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