PPRuNe Forums - View Single Post - Birmingham Handling
View Single Post
Old 26th May 2008, 09:13
  #87 (permalink)  
greuzi
 
Join Date: Jan 2008
Location: UK
Posts: 75
Likes: 0
Received 0 Likes on 0 Posts
Oil and perspective

All,

There is no magic wand here whether you work for Aviance, Menzies, Swissport, Servisair et all.

With oil around 135 USD a barrel, airlines will struggle. Get set to see old fleets getting laid up particularly in the US where all sorts of old types are still flying. We will see a period of mergers, network reduction and ultimately less overall business for the handlers who will continue to fight for the business that remains. Airlines will squeeze every cent they can to offset their cost increases.

It is not all lost. Just look at BA's recent profit announcement despite the fuel surcharge fine and lost baggage long before the final hit which was T5. Imagine the figures without those problems and you see there is hope. The ME and China will maintain the overall growth in our industry too.

But there will also be more bad news as well..

http://triangle.bizjournals.com/tria...9/daily27.html
http://www.guardian.co.uk/business/2...try.travelnews

Lets just all keep positive and weather the storm.
greuzi is offline