[Guest]

http://www.investors.com/breakingnews.a ... 3181&brk=1

Draw your own conclusions as to why this is so.

[JayHMorrison]

$this->bbcode_second_pass_quote('Anonymous', 'h')ttp://www.investors.com/breakingnews.asp?journalid=22953181&brk=1

Draw your own conclusions as to why this is so.

[Aaron]

My friends at Continental tell me they are in the same boat

[Barbara]

Alitalia said they are going bankruptcy in next 20 days.

[goldfishbowl42]

Airline Industries will be the first victims of peak oil.

It is rediculously fuel costly to carry a person by plane. Plus the Airlines do not pay fuel taxes so they have been running at costs closely tied to the traditional price of fuel, and when crude rises, so does aviation fuel with no Tax buffer to soften the blow.

In Europe, even though we pay high taxes on car fuel, our airlines get their fuel tax free so will be just as badly hit as the US airlines.






PS, could someone explain short-selling to me. It sounds like people betting against a company doing well. How would that work ??!!

[k_semler]

Short definition:

Selling a security that you don't own, in the hope that the price will decrease before you buy it back. When you short sell you are borrowing the security from another investor, this means you could be required to buy the security back and return it at any time, you are also required to pay the lender any dividends or distributions that the security makes while you are borrowing it. The seller must declare a short sale when placing the order.

http://www.optionslearning.com/glossaries/s.htm

Long Definition:

http://en.wikipedia.org/wiki/Short_selling

[trespam]

$this->bbcode_second_pass_quote('goldfishbowl42', 'A')irline Industries will be the first victims of peak oil.

It is rediculously fuel costly to carry a person by plane. Plus the Airlines

[goldfishbowl42]

Thanks for that, http://www.optionslearning.com/ is a pretty useful website aswell.

[goldfishbowl42]

$this->bbcode_second_pass_quote('', 'I') think I've read that for long-distance travel (e.g. coast-to-coast in the US), with the plane full, plane travel is as fuel-economical as train or car. Flying between San Diego and Los Angeles, for example, a hundred miles or so, is very inefficient. The plane barely gets in the air before it comes back down. But for long-distance, I think it's pretty fuel efficient.

[JayHMorrison]

$this->bbcode_second_pass_quote('goldfishbowl42', '
')This is the Amount of energy used by different forms of transport in kilojoules, to move 1 tonne over 1 kilometer.

Rail - 677
Sea - 423
Road - 2,890
Air - 15,839

It Ilustrates why we need to maintain and look after our rail networks across the western world.

[lotrfan55345]

The total # of hours I was flying on an airplane this summer was roughly 34-35 hours. Imagine all the fuel I used... Hahaha

Most of those hours came from 6000 mile trans-pacific flights so I guess it was kinda efficent. (I'm sure than it's more efficient than riding some sort of Diesel boat for two months...

[BabyPeanut]

"Free" as in "don't pay too much attention to where the money is coming from"
$this->bbcode_second_pass_quote('', '[')url=http://news.independent.co.uk/uk/transport/article324294.ece]Onboard gambling may lead to free flights on Ryanair (link)[/url]
By Michael Harrison, Business Editor - The Independent (Online Edition)
Published: 03 November 2005

Passengers on Ryanair could one day fly for free if revenues from onboard gambling and other services end the need for it to charge fares, the chief executive of the airline has predicted.

[Wildwell]

O’Leary has clearly lost it. Most people think this story is a joke, but on further examination it turns out to be true. Perhaps O’Leary thinks travel should became like a smokey Irish gambling den, where everyone sits round with a pint of Guinness or ale, coupled with raucous laughter and jollity. Some people’s idea of bliss, others horror!

Ryanair are no strangers to controversy.

To most office workers, recharging a mobile phone barely registers among the perks of nine-to-five life. But the Irish low-cost airline Ryanair has sealed its reputation for parsimony by banning its staff from using chargers on the grounds that they amount to theft of its electricity.

The edict, which has infuriated employees and trade unions, will save the airline an estimated 1.4p for each charge. But even if all its 2,600 staff plugged in their phones at once, the bill of £28.60 would scarcely dent the company's annual profits of €226m (£154m).

Its success has been masterminded by a belligerent, rugby-loving chief executive, Michael O'Leary, who has a taste for profanity and a mission to make air travel available to the masses, rather than merely to "rich fuckers". He once summed up his business philosophy by claiming that with air fares as low as 99p, passengers had little right to complain.

Using the internet at Ryanair's head office is strongly discouraged, which is not surprising because a rash of Ryanair websites has spread across the internet for staff to write anonymously about their discontent.

The bitterness and vitriol expressed by staff online has concerned the company so much that it has applied for a high court injunction to unmask the identities of employees posting messages on one such site.

Shay Cody, the deputy general secretary of the Irish trade union Impact, said: "Ryanair are absolutely on their own - they're unique. They are extremely hostile to the workforce and to any attempt to organise the workforce. It's a very, very oppressive regime there and they have extremely high staff turnover, particularly among junior pilots and cabin crew."

Such is the concern about working conditions that the International Transport Workers' Federation has urged air travellers to think hard about Ryanair's employment policies before booking tickets.

A source at one pilots' association said: "Essentially, when you look at Ryanair you've got to forget about conventional business models and think about the nature of what a 'cost' is. You've got to stop thinking about employees as people who have rights - they're a resource which flows through the organisation and when you're done with them, you get rid of them."

Source (http://www.guardian.co.uk/mobile/articl ... 85,00.html )

The thorny issue of climate change has left most airlines bending over backwards to sound green. But Europe's largest low-cost carrier, Ryanair, has dismissed its environmentally nervous rivals as "lemmings".

Ryanair's chief executive, Michael O'Leary, has refused to support an industry-wide effort to limit carbon dioxide emissions. Asked yesterday what he would say to travellers worried about the environment, he replied: "I'd say, sell your car and walk.

The Green party are obviously very critical of Ryanair’s attitudes.

http://www.greenparty.org.uk/groupednews/r=group%3D2

Overall aviation is a whisker from getting aviation tax added to curb cheap flights, and O’Leary is doing nothing but making the situation worse with his irrational business plan.

[BabyPeanut]

$this->bbcode_second_pass_quote('Wildwell', 'M')ost people think this story is a joke, but on further examination it turns out to be true.

[Doly]

$this->bbcode_second_pass_quote('Wildwell', '
')Overall aviation is a whisker from getting aviation tax added to curb cheap flights, and O’Leary is doing nothing but making the situation worse with his irrational business plan.

[turkishguy]

Ok, so I looked at some airlines with this option; Istanbul airport to Japan Narita airport.

A return ticket; cheapest price $3200! That is three grand and 2 hundred US dollars.

I really don't like this peak oil thing. I hope everything will be like normal.

Now I can't visit any of my friends around the world.

[Colorado-Valley]

You could take the train.

Bus?

[thuja]

To Japan?

Yeah I'm seeing tickets overseas go up 40-100 %-- soon only the rich will fly to distant places. Say goodbye to overseas travel middle class... or maybe we'll just put it on the credit card...

[Heineken]

The world would be much better off if all air travel ceased immediately. For one thing, the risk of a global epidemic would fall like a rock. For another, it would put a nail in the coffin of globalization, which has devastated human cultures and the environment alike.

The world needs to start getting larger again.

[Andrew_S]

$this->bbcode_second_pass_quote('turkishguy', 'O')k, so I looked at some airlines with this option; Istanbul airport to Japan Narita airport.

A return ticket; cheapest price $3200! That is three grand and 2 hundred US dollars.

I really don't like this peak oil thing. I hope everything will be like normal.

Now I can't visit any of my friends around the world.