Airline and Aviation Sector – Ouch!
September 1st, 2009 Filed under: Uncategorized — Economic Author
We hear a lot about the severe hardship of many industries during the recession. We know the real estate sector, banking industry, and real estate markets are completely toast, and finally starting to see at least some signs of life, as the recession hits its bottom. But one thing we have not heard a lot about in the news is that which has affected the aviation industry.
Did you know that Cessna and Gulfstream both chose not to display at the Paris Air Show, while companies like Airbus and Boeing came up far short of anything closely resembling even their worst case scenario for the lackluster sale of new airliners. One now has to ask if there are there more bankruptcies on the way for the airline industry between 2010 and 2012?
Yes. Especially as fuel prices hike back up. And even if airlines start to become moderately profitable, the unions want theirs and have made drastic cuts and they are going to use all the leverage they have, politically and locally to get it. Then there is the issue with the need for new more efficient aircraft like the Boeing 787, which are not going to be cheap to buy or service the debt.
Still, there is more to the story, such as Swine Flu appears to be the big question and scare on the horizon, as if all those other issues were not enough. Things are touch and go for the aviation sector right now, and there is definitely still considerable turbulence in the future. Please consider all this.
Lance Winslow – Lance Winslow’s Bio. Lance Winslow says the airline industry is certainly not anything to write home about, so why not call instead; phone calls
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