Who would have thought that within the space of just a couple of weeks BA would announce a £135m profit and Easyjet a £48m loss?
As for the £200m loss in the last quarter - hardly surprisng. I think the last 3 months have been the worst ever in the history of the industry. A war in the Middle East, that was not supported throughout most of the world, high fuel costs and then the SARS virus.
Given an election in the USA in 2004, I do not think George W Bush will be starting anymore wars in the foreseeable future. To be re-elected he needs a stronger US economy, and to do that there needs to be a period of greater certainty and stability in the world. And that can only bode well for our troubled industry.