The news rolls in relentlessly.
http://tinyurl.com/4yyass
From todays Times:
BA forced to consider £900m fall in profit
BA's profits are expected to collapse in the coming months as the sustained high price of oil pushes up its costs... This pessimistic outlook stunned investors who said it demonstrated how serious the coming downturn could be... “They are effectively admitting that profits could be zero in the worst-case scenario. There is clearly a lot of bad news to come.”... Mr Walsh told The Times: “Oil costs are going to change the industry, there is not doubt about it. A lot of airlines are going to struggle and some may be unable to cope. We have already seen failures and I think we are going to see more.”
The boss of Ryanair, easyJet and BA are now ON RECORD saying airlines are going to go bust soon. I don't know what clearer signal Wannabes could hope to receive.
There will be NO JOBS soon. Plan and spend accordingly.
WWW