Thread: Oil down to US$74 a barrel - Airline relief on the horizon?
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Old 16th October 2008, 11:06 AM
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Michael Morrison Michael Morrison is offline
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Quote:
Originally Posted by NickN View Post

We saw a large number of carriers go the way of the Dodo in the last 6-12 months due to high fuel costs it's a shame they couldn't hang on until now to get some relief, it seems they failed at the final hurdle.
Actually I think we will see more failures. Any airline that has a lot of debt to renew will most liekly be unable to get new money at the same rates or even get the money at all. I suspect this may be the case for some of the US carriers?
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