1. Don't believe everything that CNN says.
2. Their point of view is exclusively US.
3. Most airlines that are at risk of failure have been so for some time. Two US airlines (US Air and United) are in Chapter 11 bankruptcy protection now. American Airlines will probably join them. United may never recover. The only EU airline that is seriously in danger at the moment is Swiss.
4. Recovery has never taken 7 years after any world event since WW2. Throughout the Cold War, air travel increased at roughly 5% annually. The global political risks then were at least as high as now. Global commerce is very persuasive.
5. Poke off, Ronch!
Scroggs