Airlines going bankrupt..is it the begining to the end of traveling?

Question

what is your point of view on this .. airlines going bankrrupt?they say its because of the gasoline ... do you think that is the reason ?

Do you think its just George Bush's finishing of what his dad started?

If people would've stayed with the electrical cars would the gas price be the same or would it be just electric price ..

what is your point of view .. on what will or is happening ?

Answer 1

Most likely the world is coming to an end - unless of course we elect Hillary Clinton, who can solve all of our problems - and maybe pocket a few extra bucks for herself along the way.

Answer 2

This is basically going to be a correction, there is too much capacity out there and there are alot of undercapitalized airlines.  Those are the carriers that are generally going under.   The airlines that are going to make it are those that have a good cash cushion and are able to balance out the price sensitive domestic routes with international routes.  Southwest  and possibly Jetblue are the exceptions.

Answer 3

This issue is so complicated.  I believe that government regulations are just going to drive the airlines into becoming a new entitlement under the Dept. of Transportation.  More government control.. just what we need!  Soon if you're on welfare, you'll have a "right" to fly first class!  

  As far as gas prices... it's a FARCE.  There is enough oil right here in the U.S. to supply us for decades.  But we can't drill for it because of liberal nut jobs worrying about disrupting the mating habits of some rare toad.  We need to build refineries, drill, and tell Mexico, Canada, and the Arabs to shove their oil!

Answer 4

no, travel will continue because that is human nature.  people will travel less than they did because of higher transportation costs but it will eventually pick up again.  as the fuel "shortages" cause prices to go up, it forces us to find alternative fuel sources and more efficient means of transportation.  as for electric cars, we still burn a lot of fossil fuels for power, such as coal, and this price would be reflected in the increased usage as supplies diminished.  in the past, electric cars died out because of limited range (miles per charge) and they didn't fit most peoples lifestyles.  they came at a time when gas was reasonably priced so people were not as concerned.  now that gas prices are so high there is a market for vehicles such as that. we are starting to improve electrical cars, create hybrids, make more fuel efficient vehicles, as well as cars that run on alternative fuels.  the market will always drive the direction of technological change.   As there will always be a market for travel, we as a society will find ways and new technologies to do so at a cost that people find affordable.

Answer 5

Airlines go bankrupt.  The big misconception is that they are subject to fuel price fluctuation at the local gas pump.  Airlines buy fuel in advance to avoid the volatile market swings.  Certainly fuel prices play a role, but no airline will operate at a loss for to long.  Obviously the one airline that survives is doing something different

Anyhow, it all boils down to competitive business practices.  Inflexible unions are often to blame for these bankruptcies.

As far as the electric car thing goes, I think the Federal Government should use our tax money to figure out how to make hydrogen fuel cell cars work on an affordable level for you and myself.

Answer 6

Who knows your guess would be as good as mine???...But as you know we are in a RECESSION....STORY OF MY LIFE...The OIL PRICES ARE HIGH AND GOING THROUGH THE ROOF LITERALLY!!! and we are paying big time!!! We will have to stay tuned to what is happening..I cannot speculate at this time..

Answer 7

Even with the rise in air fares, the airplane is still the cheapest and fastest way to travel long distances.

As the man who finished eating a plate of beans and drank a huge glass of bear once said..."this, too, shall pass!"

Answer 8

The beginning of the end of 'air' heads...Have they considered adequate fuel cost add-on to their prices?  Airlines need some managers. (FYI:  Their fuel is a grade of kerosene)

  Dubya's Dad is thinking of stepping in and cleaning up Dubya's mess.

  The electric (car) motor has to be replaced too often to be practical.  too bad...needs better engineering.  

  Increased supply of electricity would probably come from coal ... dirty solution.  But, clean fuel can be extracted from coal, and that's where our being the Saudi Arabia of coal kinda puts us in the catbird's seat 'up the road'.

  Oil companies are among those searching for huge new sources of practical energy (ocean tides, solar, wind) and quietly buying up coal beds in western U. S. mainly.

  In ten years, our gasoline will cost at least $5/gal. and could be worse.   Buy oil, and to a lesser degree, coal stocks.

Answer 9

It's probably a number of things. Not just gas prices. Airlines run on a very slim profit margin, and I imagine that the slightest economic change can effect them severely. I highly doubt that this will be the end of traveling as we know it though.

Answer 10

The only folks I have seen wanting airlines to go bankrupt, and protesting at airports around the globe are environmentalists!

Oh, but wait!

They are also the ones who will not let us drill for more oil or explore for more energy. Now, it all makes sense!

Answer 11

Good question, I hope that it is not the end of air travel, but I certainly understand your concern.  The prices are hi for everyone and I think the airlines need to be regulated somehow so we can keep them in the air.

Answer 12

I'd say air travel will take a back seat one day soon - maybe we'll go back to sailing ships of various kinds. They can be solar powered and would leave a much smaller carbon footprint.

Answer 13

I think b/c of Gas prices