I wonder where the price of oil is going to figure in all of this. With recession in the US, will our governments be applying a pressure to get OPEC/oil companies to reduce prices to give the economy reprieve? Apparently Shell in Europe have just had their most profitable year ever. Would any reduction in fuel costs simply be irrelevant in the face of reduced disposable income?
If people do have to dispose of their overseas properties I imagine the knock on effects on the UK routes especially on the off season load factors will be quite serious.