To be honest I am amazed the weakness of the pound has not got more commentary on this thread. It is 30% more expensive to go anywhere in Europe or the US.... have you been to Europe recently.. £4-5 a pint!!
Even poor old Boris Johnson was moaning about the cost of the Johnson family ski holiday.
I think a significant amount of people will decide to holiday in the UK. I don't understand why everyone thinks "Joe Public WILL always go on his/her week in the sun".... not if they are scared for their job or have already lost it. Anyone care to explain the logic?? What % of Easy and Ryanairs flights are to Euro denominated countries??
My firm has cancelled all non-essential travel and moved all non-intercontinental travel to low cost economy fares. We are one of BAs biggest customers. Also our headcount is down from 33k at its peak to 21k.... and we are still cutting. We are still in a steepening dive in this recession although I think some of the pilots have now worked out how serious our predicament is and started to pull back on the control column..... I reckon we bottom out Q4 2009, Q1 2010...... then I will wager we will have the mother of all inflation problems.... there will no be no more than a handful of pilot jobs around for years and years.