crxpilot
Waaasssuuuupppppp!!!!!
- Joined
- Nov 26, 2001
- Posts
- 719
This is a nice tidbit....
In late February, Merrill Lynch airline analyst Michael Linenberg analyzed what would happen to publicly owned US carriers' net profits this year based on average oil prices ranging from $70 a barrel up to $110. At $75, all 12 airlines he examined would be nicely profitable this year.
At an average price of $95 a barrel, five airlines would scratch out some profits, and the industry would lose $322 million. At $110, only two airlines — Allegiant Air (ALGT) and Southwest — would make money, and the group would lose $3.3 billion.
right here......
http://forums.flightinfo.com/showthread.php?t=110086