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TUESDAY, NOVEMBER 24, 2009
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PREMIUM NEWS ARCHIVE

AIRLINE FAILURES MAY RISE WITH HIGHER FUEL PRICES.(BUSINESS)

Article from: Wisconsin State Journal (Madison, WI) Article date: May 23, 2008

Byline: DAVID KOENIG Associated Press

Higher fares and new fees are irritating air travelers, but airlines still can't raise money or cut flights fast enough to cover ever-higher fuel prices.

In the view of airline executives and analysts, the industry is facing its toughest challenge yet, with little prospect that carriers can return to profits anytime soon.

Even though most of the big airline companies have large cash stockpiles, analysts suggest they could burn through their cash and go bankrupt by early next year. ...

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