BA's premium pax fell 20% in Feb. Its a disaster out there. For all airline. In every country.
You won't see the impact until the summer trading is over. Winter 09/10 will be carnage. The long talked about consolodation will happen and will be brutal. Many pilots will be unemployed. The army of those willing to work for subsistence wages and airlines willing to employ them will be the differentiating factor this time.
WWW
Its going to be biblical:
