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Every economist has said that oil will rise back into the mid to high $100 range within the next 5 years. This global economic downturn depressing the prices is temporary, the growing demand versus crude production problem is not. Economies will recover, and crude prices will rise again.
If this rumor about SWA is true, it makes good business sense. Sounds like the other carriers are just jealous that they don't have the cash or leverage to join in.
Now back to the thread. Folks this is some serious money. I wonder if SWA is going to start rethinking its “no fees strategy?”
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