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Fuel costs threaten to bankrupt airlines
http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20080613/FREE/656396903/1066/newsletter01 ^

Posted on 06/16/2008 6:19:08 AM PDT by chessplayer

Several large carriers will likely be forced into bankruptcy by the end of the year, according to a new study.

(Excerpt) Read more at crainsnewyork.com ...


TOPICS: News/Current Events
KEYWORDS: airlines; energy; energyprices; sourcefieldblank
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Libs should be elated by this, considering they believe airplanes contribute to global warming, destroy the ozone, etc.
1 posted on 06/16/2008 6:19:10 AM PDT by chessplayer
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To: chessplayer

I wonder how hotels are doing? I’m planning a trip soon. Normally I would stop. Due to gas prices though...I’ll leave earlier and drive longer to compensate for the extra money for gas.


2 posted on 06/16/2008 6:22:15 AM PDT by CindyDawg
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To: chessplayer
If this means the TSA goons will have to find real jobs, I'm all for it.
3 posted on 06/16/2008 6:22:40 AM PDT by E. Pluribus Unum (Never insult an alligator until you have crossed the river.)
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To: chessplayer
Good management finds a way around obstacles. If an airline goes bankrupt blame the guys with the big paychecks.
4 posted on 06/16/2008 6:25:50 AM PDT by DManA
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To: chessplayer

Why don’t they raise fares?


5 posted on 06/16/2008 6:27:04 AM PDT by Former War Criminal
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To: Former War Criminal

I think they have. There is only so much that the customer can/will absorb though.


6 posted on 06/16/2008 6:28:31 AM PDT by CindyDawg
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To: chessplayer

You are correct. The Greens want to destroy the economy ... because it creates pollution.

Why do politicians listen to Greens, Gays, La Raza and other radical groups? Because they threaten to disrupt.

Eventually conservatives are going to have to get activated and began playing hardball with the politicians.

Look at John McCain. Other than on Iraq, he listen to the Leftish Radicals as well.


7 posted on 06/16/2008 6:29:06 AM PDT by whitedog57
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To: chessplayer
I would say that AA and the rest of the "ailing" carriers should beg Southwest Airlines to take them over.

....but upon further cogitation on the subject, I would speculate that Southwest wouldn't touch AA with a 10 foot pole.

AA et. al. muckety mucks had the model of how to run an airline company right before their eyes for decades, and either didn't pay attention, or were too arrogant to realize that there were people who were smarter about running an airline company than themselves.

8 posted on 06/16/2008 6:29:40 AM PDT by B.O. Plenty (Give war a chance......)
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To: chessplayer

“Libs should be elated by this, considering they believe airplanes contribute to global warming, destroy the ozone, etc.”

The goal of whoever is deliberately orchestrating this is to get us all on elecricity alone, whether electric cars or mass transit. That way they can have complete control over us. All they have tdo to get our compliance is to threaten to throw the switch!


9 posted on 06/16/2008 6:29:58 AM PDT by RoadTest ( Destroy this temple, and in three days I will raise it up. But he spake of the temple of his body.)
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To: Former War Criminal

It’s the law of diminishing returns. Higher fares cause the budget traveler to rethink his plans and fewer seats get filled. Also, some of the planes being flown now lose money at current fuel prices even if they fly full.


10 posted on 06/16/2008 6:31:43 AM PDT by saganite
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To: DManA
Good management finds a way around obstacles. If an airline goes bankrupt blame the guys with the big paychecks.

I nominate this post as the dumbest one on the thread.

11 posted on 06/16/2008 6:32:15 AM PDT by kabar
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To: E. Pluribus Unum
If this means the TSA goons will have to find real jobs, I'm all for it.

Dream on. They'll be happily sticking their probes up our arses in perpetuity. Now that they're federalized, they will remain on the payroll long past when they have assumed room temperature.

We traveled last week. Right after getting thru the security gauntlet, as we were re-assembling ourselves, one of the TSA goons yells "BRAVO" into his mic, and TSA goons ran everywhere, and they wouldn't let anyone move in any direction. And I heard them give a description of the person they were looking for. I thought, "uh-oh, they're going to end up emptying out the airport for 3 or 4 hours". We were lucky -- guess they found their missing person, as they soon let us peasants go about our business again.

So if you hear TSA goons say "BRAVO" ... Look out!

12 posted on 06/16/2008 6:32:39 AM PDT by webschooner (Bumper Sticker: "None of the Above, 2008")
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To: chessplayer

You just watch — the goobermint (aka taxpayers) will be bailing out one or more bankrupt airlines to the tune of bajillions of dollars.


13 posted on 06/16/2008 6:34:43 AM PDT by webschooner (Bumper Sticker: "None of the Above, 2008")
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To: B.O. Plenty

Good luck getting one of those Southwest 737’s to fly to Hong Kong or Paris or Rio.


14 posted on 06/16/2008 6:35:26 AM PDT by saganite
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To: kabar

Thank you jerk.


15 posted on 06/16/2008 6:38:20 AM PDT by DManA
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To: webschooner
...a description of the person they were looking for.

Let me guess. An 80 year-old white-haired grandmother of 16 in a wheelchair who didn't want to go through the new detailed view body scan machine?

16 posted on 06/16/2008 6:38:32 AM PDT by TexasRedeye (Eschew obfuscation)
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To: webschooner

Of course.


17 posted on 06/16/2008 6:39:44 AM PDT by Wolfie
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To: Former War Criminal

Same reason that raising taxes doesn’t always raise revenue. Fewer people will fly.


18 posted on 06/16/2008 6:43:33 AM PDT by RockinRight (I just paid $63 for gas. An icefield in Alaska is NOT the Grand Canyon. F--- the caribou.)
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To: kabar

agreed.....if you buy something for a dollar and sell it for .99 cents, and expect to make up the difference in volume, sooner or later the piper is going to want to get paid.....


19 posted on 06/16/2008 6:43:46 AM PDT by joe fonebone (The Second Amendment is the Constitutions reset button)
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To: Former War Criminal

Why don’t they raise fares?

They have. Fares have gone up about 14% while at the same time fuel cost has gone up around close to 50%. Do the math. If they double the fares to match the cost of fuel people will stop flying and the Net result is the same. Bankrupt airlines.


20 posted on 06/16/2008 6:44:11 AM PDT by NavyCanDo
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