Seems like only 6 months ago the $100 barrel of oil made the front page of the times (hang on a minute it was just 6 months ago............)
One of the more relevant points that Lafyar made was that its the media and peoples perception of recession that will fuel a downturn, not whats written on here. A small decrease in oil price when it has risen nearly 50% in 6 months I feel is not going to help matters much its a bit like having to stick your hand in water at 90 deg as opposed to Boiling - its still gonna hurt!
Lead in times for expansion and aircraft ordering are many years in the making, how can strategy planners in the aviation industry account for what is happening in 6 months (see above) never mind in 2015 which is when your 787 would pitch up if you ordered it today........
People mock Ryanair management for not hedging their fuel, on the day that the $100 barrel of oil made it to the front page, more intelligent people than me would have thoght it suicidal to hedge fuel at $110......... This climate is catching out some serious players - recruitment for wannabees is not going to be high on the agenda.