Even the Independent business writers have noticed what is about to happen:
http://www.independent.co.uk/news/bu...rn-850093.html
Airlines flying into far worse turbulence than predicted, analysts warn
By Danny Fortson, Business Correspondent
Thursday, 19 June 2008
The airline industry will be hit by a downturn far worse than even the most tumultuous periods in recent memory – the post- 9/11 years and the early Nineties recession – new research predicts.
Morgan Stanley slashed its earnings forecasts yesterday for several major European carriers, including British Airways and easyJet, in the latest of a flurry of gloomy assessments of the industry. Penelope Butcher, the analyst who authored the report, warned that although the record oil price has already led to two dozen bankruptcies worldwide in the first half of this year, the worst is yet to come... (article continues)
Every indicator is pointing to the fact that one of the Wannabe engines is about to fail - prepare yourself.
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