Auto, I believe you missed my point.
With oil at these levels, quite a few airlines are going to be gone. If you go Ch.11 you have to show an exit plan. Pretty tough to do with oil this high.
Unfortunately, IMO, I think we are going to see a few 100% furloughs.
At current rates oil will be at $150 this summer.
With oil at these levels, quite a few airlines are going to be gone. If you go Ch.11 you have to show an exit plan. Pretty tough to do with oil this high.
Unfortunately, IMO, I think we are going to see a few 100% furloughs.
At current rates oil will be at $150 this summer.