Cosmetics Beauty News - To Weather This Storm, Airlines Must Admit They Have a Problem - Wall Street Journal

by Kim on July 21, 2008

Airlines are flying into the financial equivalent of an electrical storm. Passenger numbers are falling on both sides of the Atlantic thanks to slower economic growth, making it hard to pass on the costs of high fuel costs. The International Air Transport Association predicts that a collective net profit of $5. If oil stays at $150 a barrel for three years, Ryanair would be Europe's only profitable airline, according to Goldman Sachs Group. What should airlines be doing to weather the storm? read more

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