PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 21st Jan 2009, 15:21
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peterinmadrid
 
Join Date: Sep 2006
Location: Madrid
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At least the price of oil is low. That has probably saved a lot of companies from bankruptcy. Who would have thought that it could go back down to 40$ when we were looking at 150$ just 6 months ago and everyone was in panic. Is this likely to last? Will it bring down airfares or make training cheaper again? I was seeing hourly rates for plane rental go up almost weekly last August at the place I was at. Is anyone aware of prices going back down? One thing that worries me is that, with a low oil price, people will forget about investing in replacement technologies and then when things do start to pick up the oil price will go though the roof again.
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