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September 25, 2008

More Upbeat Airline News

This word from Boeing’s marketing man, Randy Tinseth (and see his always interesting blog here): Yes, Boeing is predicting a further “contraction in the world economy next year” and the airlines will continue to face challenges. It’s a situation that remains fluid, but… But Tinseth said his company also believes the industry will continue to show “robust growth” over the next several years - and indicated the airlines are doing things right by cutting capacity and taking older planes out of service. Plus, he expects that fuel will “eventually” drop back to levels of about $70 to $80 a barrel. Hope he’s right.