A well thought out post. Any facts there to support your hypothesis or are you just spouting for its own sake?
I can't think of many airlines making any money right now even the all powerful Ryanair lost millions and millions this year. So should everyone just curl up and die or should just maybe companies use this time to maintain and grow market share while exploring new options at good prices?
Dunno Aer Lingus AGM where Barrington said he was unable to give any forecast on the scale of losses in 2009, their own statements at Annual results in March stating they would at a minimum use of 200 million of their cash and this was when they figured they would make a small loss are probably good placesm to start.
Then again Hedged at $900 plus per Tonne when Oil below $600 is also another place to look.
Being unable to shed staff without massive pay offs also an indication of problems.