With the high gas prices, decrease in demand for air travel and the “Staycation” trend of 2008 in our rearview mirror, some analysts are hopeful that 2009 will be a better year for the airline industry.
In a recent Wall Street Journal article, author Paulo Prada reports that we have already accepted the losses reported by AMR and UAL and are now looking for a better 2009.
According to the article, cheaper fuel, better projections of demand, grounded aircraft and a reduction in flights should help airlines stay in business, despite the current economic recession. That is, as long as fuel prices remain low.
Filed under: Uncategorized | Tagged: Airlines, economy, fuel prices, wall street journal
