Another article (from a useless newspaper) to make you feel happy:
Heathrow's third runway: planning for aviation boom times is no way to deal with economic bust | Environment | guardian.co.uk
The most relevant portion being:
Anyway, the crux of my argument was pithily summed up by easyJet's Stelios Haji-Ioannou. He said: "We are not Aldi or Lidl. It's very difficult to stop eating in a recession but you can stop flying."
Indeed the
Guardian reported yesterday that "the number of passengers passing through British airports has fallen for the first time since 1991."
A quick scan on Google shows that in the past six months at least 24 airlines have gone bust, and a total of at least 30 in the last year. Just this month, Heathrow's second biggest airline
BMI posted a loss of £100m amid "extremely challenging" trading conditions and even the director of the air industry's own trade body IATA, Giovanni Bisignani, has said the "outlook is bleak" and describes a "chronic industry crisis."
Oh what a situation......