I think the next few weeks will see the start of major cutbacks by many airlines across Europe, bookings have gone into free fall, with the pound at 1 Euro & massive job losses in the UK, its little wonder. The business side is even worse the likes of RBS under pin many flights to London out of Edinburgh.
Virgin/bmi/Eastern/BA will all have blood on the carpet before the quarter is out
Baby & Globespan have already reduced their fleet size (in Globespans case thro out leasing) Jet2 are parking more aircraft than last winter looking at the daily list of `available to lease' telex to the office that they issue with more than 8 aircraft 75 & 73 most days.
Time to dust off the CV and look for the Sun screen and learn some Arabic