Thursday, June 05, 2008

Airlines

Tim Winship at Smarter Travel has a good article on what airlines are most at risk bankruptcy wise. According to the article, if the price of oil stays at $135 a barrel for the rest of the year, the airlines lose over $6 billion dollars this year. Not surprisingly, this will increase the chances considerably that some of them will go bankrupt. Here's a link (http://www.smartertravel.com/blogs/up-front-with-tim-winship/industry-forecast-is-bleak-bankruptcies-likely.html?id=2607361&source=dealalert&value=2008-06-05+00%3A00%3A00&u=3A79224A5F) to the article so you can read it for yourself. Things definitely aren't looking good travel wise.

No comments: