PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 26th Nov 2008, 14:15
  #1351 (permalink)  
Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
Posts: 15,022
Received 208 Likes on 75 Posts
My earlier contention that oil was a sideshow was based on the fact that:


1) At $147 the fuel only accounted for about £23 on a typical European flight. Its doubling only £12. Probably less than the car park fee went up this year.

2) There was a recession coming which will result in people not travelling AT ANY PRICE.

3) Oil was a bubble that would do what bubbles always do (though shrinking by 2/3rds in 3 months is way beyond what I thought would happen).


At the lower end of the market airlines are going to be stuffed by people just not travelling. At the upper end of the market the airlines are going to be stuffed by people just travelling economy.

In general airlines are stuffed. Even the freight boys.


WWW
Wee Weasley Welshman is offline