Airlines r a great public service, endorsed by Skol.

[tricha]

WELL, oil has only just taken a step down in OZ $, Americian airlines are the only ones getting the benifit of the oil price drop, why the Americian dollar has gone up so much has got me beat, record debts .........

Oil prices swell US trade deficit

Surging oil prices help push the US trade gap to $62.2bn in July, its widest deficit since March 2007.


Crunch talks for ailing Alitalia


Alitalia's future depends on crucial rescue talks in Rome


Talks are under way in Rome to try to save the bankrupt Italian airline Alitalia from collapse.
Unions are meeting the Italian government-backed investor group CAI that is leading the rescue bid for the stricken airline.
Alitalia, which is losing more than 2m euros ($2.8m;£1.6m) a day, is surviving on a state loan of 300m euros.
But the company's nine unions are divided over whether or not to back CAI's plan.
Everyone is well aware that the only alternative is the failure of the company


Maurizio Sacconi, Italian Welfare Minister


The CAI's aim is to takeover Alitalia's best assets and relaunch the airline as a smaller carrier with fewer staff.
Job cuts
Some union leaders have warned they would reject deep job cuts among the group's 20,000-strong workforce. Analysts said between 5,000 and 7,000 jobs could be lost.
Welfare Minister Maurizio Sacconi warned that there were few options left for the cash-strapped carrier.
"I am hopeful because everyone is well aware that the only alternative is the failure of the company with all the consequences for the workers and the country in general."
The head of the CISL union Raffaele Bonanni said his union was prepared to sign the deal if certain conditions were met.
The CISL wants new investors to commit to staying with Alitalia for at least five years.
Under the state-backed rescue plan, profitable short-haul routes would be separated into a new business. The unprofitable ground services and cargo businesses would be sold off or wound down.
Alitalia's fate has proved a headache for previous and current governments.
Italy's former leader Romano Prodi tried and failed to auction the government's controlling stake in the airline. A later attempt to sell the stake to Air France-KLM collapsed after unions blocked the deal.
Italian ownership
Prime Minister Silvio Berlusconi has said he wants Alitalia to remain in Italian hands.
Two weeks ago, the government declared the airline bankrupt to give the firm breathing space to agree a fresh rescue plan. Alitalia's problems have been compounded by poor industrial relations and soaring fuel costs. The minister charged with overseeing the firm's bankruptcy said the two sides must reach a deal by Friday.

[h2so4]

http://www.youtube.com/watch?v=XNjZnRA2m68&NR=1

When are airlines going to stop flying? Care for a lunch bet?

[tricha]

When are airlines going to stop flying? Care for a lunch bet?

Oh no airlines will never stop flying, just the amount will change as the short video suggests.

30 airlines expected to fail

4:00AM Monday Sep 15, 2008


Up to 30 more airlines will go bankrupt before Christmas, the chief executive of British Airways warned yesterday, as the biggest rescue of stranded passengers in industry history began.
Willie Walsh said the scenes of chaos in which 85,000 passengers have been stranded around the world after the collapse of XL, Britain's third largest holiday company, would become a familiar sight as the travel industry struggled with soaring fuel costs and the global economic downturn.
"We are in the worst trading environment the industry has ever seen", said Walsh. "We have already seen 30 or so airlines go bust this year and it would be fair to expect a similar number of casualties worldwide over the next three to four months."
Walsh also announced up to 1400 redundancies at his own airline yesterday. Italian airline Alitalia was also on the brink of collapse yesterday.
Travel industry experts said smaller airlines and tour operators were most at risk and warned passengers to book in a way that ensured they got their money back if an airline went bankrupt.
British Airways said its programme of redundancies, which are for now voluntary rather than compulsory, was the final stage of a restructuring plan launched in 2005. The airline has unveiled a series of measures designed to counter a crippling rise in its jet fuel bills, expected to total £3 billion ($8.097 billion) this year, 50 per cent more than in 2007.
- INDEPENDEN

[Skol]

There will be a few airlines go broke, probably the ones with no cash to weather the present storm, but the POO is crashing and the established airlines will be the winners because people know they're going to get where they want to go. Less competition too.
If you think about it there's not too many businesses where you pay for everything in advance, sometimes months and occasionally years in advance.

[h2so4]

There will be a few airlines go broke, probably the ones with no cash to weather the present storm, but the POO is crashing and the established airlines will be the winners because people know they're going to get where they want to go. Less competition too.
If you think about it there's not too many businesses where you pay for everything in advance, sometimes months and occasionally years in advance.

"probably the ones with no cash"... or..... can't generate enough cash for its operations?? Because every day it cant do that is another day it will need to dip further into, savings, assets, or debt.

[h2so4]

Hey BRICKS and skol, bought myself a ticket today. At 44cents it is priced at 50% less than its book value. That has to be cheap....right? Mind you that price is at the top of my range so I only bought a few.

I think Phaedrus will be the next poster? I know your lurking somewhere come out you P.

[BRICKS]

Living in a Motel at the end of the runway at AIX. Gold Coast Airport and the first thing at
6.00am. each day in comes VIRGIN and arrivals all day are common so VBA is alive and well,
Well the turnover continues to be in the millions and now short selling is band some sort of picture mite form but until the annual meet and report..

By the way the temp is 27 c..

[Crypto Crude]

skol,
your airlines are coming down... and that's not just the planes getting ready to land...

.^sc

[BRICKS]

BRICKS reported on the 1/9/2008 that the COM BANK had 5.44% of VBA well yesterday they dropped below 5% so they are trading in millions that's why the price is so unstable
but if it falls more they could return with a rush so members you too can join in the
" BIG PLAY "..

[BRICKS]

WELL OIL is below $100 @ $96 what can you say they will be giving it away soon so cheaper air fuel but the Airlines a still chugging along at the same rate so why are prices so cheap, the mob is SCARED..