Significant concerns now about Futura going bust over on Rumours and News is ominous. Bigger than the likes of BMIBaby I bet all their pilots have JAA licenses and speak English. Relocating from Majorca would be a bit of a downer but pilots go where the jobs are. I bet their FO's have got better looking CV's then me
I think this talk of armchair economists is people attacking the poster and not the posting.
You can't argue with the numbers when it comes to mortgage equity withdrawal money supply or with house price declines. There has never been a house price crash that has not resulted in a UK recession since the 1950's. There has never been a house price crash as big as this one so ergo there will be a massive recession.
I don't think its complicated enough to need an economist to understand that.
From what people on here say about the last recession it hits airlines harder than most other businesses and we should therefore expect to see some go bust. And, wowee!, look at that airlines going bust left right and center.