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    • September 8, 2008

    Are Airlines Finally Hitting Bottom?

    Filed under: Airfares, Airlines, Fuel Watch — Rick Seaney @ 12:04 pm

    Well, the airline analysts at Calyon Securities think so - that the airline industry is finally “bottoming out”.

    Of course, those analysts are really good at Monday-morning quarterbacking - remember those headlines recalling the movie titled, “There Will Be Blood” just a few months ago? Back then, that was the forecast du jour for the airline industry.

    Now, as airline health and stock prices are, for the moment anyway, inextricably tied to energy costs, apparently Calyon’s Ray Neidl must believe that oil isn’t going to go back to $150/barrel — just as everyone believed in January of 2007 that oil would stay at $60 or less — for the year.

    The bottom line: the airlines are preparing for the worst — while we consumers should be hoping for the best — because if we want to fly for a decent price, we must have a healthy and thriving airline industry…
    « Strike at Boeing   Losing Your Luggage: Why Bigger Airlines Aren’t Better »

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