Grass strip - believe me im not ignoring the threat of a looming recession, and of course people having less money will = less passengers. Im just pointing out that main factor that has really hurt the airlines SO FAR in this current crisis is oil prices, not the credit crunch/recession.
To the guy who thinks oil caused the credit crisis, that is not the case at all. If anything the credit crisis has contributed to higher oil prices, as the dollar lost value investors stopped buying dollars and bought commodities instead as a hedge. Thus as the euro loses value and the dollar gains, the price of oil has dropped in recent weeks (just one of the reasons its dropped).