PPRuNe Forums - View Single Post - Thomas Cook-My Trouble to shed airframes and crews
Old 21st May 2008, 15:19
  #9 (permalink)  
757_Driver
 
Join Date: Mar 2007
Location: south east UK
Posts: 375
Likes: 0
Received 0 Likes on 0 Posts
maybe, but whilst everybody has got to ride out the storm of the oil prices, I think it would be a BIG mistake to make serious future business plans based on the current blip in the oil futures market.
IMO this is just another bubble, but this time in the commodities market, the oil futures, gold futures, corn / wheat / rice etc are all a blip and WILL have a serious correction in the near future.
Anyone that has completely rejigged their fleet, at considerable capital expense, to give them a competative advantage at $130 a barrel may find themselves in a deep hole at $60 a barrel, with nowhere near enought competative advantage to payback all the releasing / retraining costs.
757_Driver is offline