This is the bottom line:
British Airways profits plummet
BA says it should make a small profit for the full financial year
Half-year profits at British Airways have fallen 91.6%, with the airline blaming "incredibly difficult trading conditions" for the plunge.
BA said pre-tax profit totalled £52m ($81.6m) between April and September, down from £616m a year earlier.
Willie Walsh, BA's chief executive, said the period would "be remembered as one of the bleakest on record".
BBC NEWS | Business | British Airways profits plummet
As we've only seen the first upticks in unemployment and repossessions so far and both will skyrocket in 2009 I think we can quite confidently predict losses for most airlines next year. BA are already parking Jumbos in Cardiff.
It really is 1990 again. Pilots will be flipping burgers in McDonalds again. Luckily McDonalds are doing well and hiring..
WWW