Blog > US Stocks and Markets > Blog article: Airline Industry: Prepare for an industry-wide profit slump
 | Email This Article Email This Article  | 

Airline Industry: Prepare for an industry-wide profit slump

Posted April 15, 2008

Baltimore — (TFN): Baltimore Washington International (BWI) airport has a bit of a problem.

One of the last international airlines still flying into the Baltimore-Washington metropolitan area, Greenland Air, just moved out. But after such mega airlines like Iceland Air closed shop earlier this year, the only international flight leaving Baltimore now is a British Airways flight to London.

***Watch the financial video right here!

Good luck retrieving your luggage.

There may be no I in team. And there may not be much need for one in BWI.

Jet fuel prices are through the roof, the dollar buys less French wine and Mozart balls than ever in the last 20 years, and Americans are being told the economy is collapsing around their ears.

Not encouragement to travel by all means.

Count on U.S. airlines’ profits to plummet, if not turn into a net loss by the time summer rolls around.

****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. Sign up through your favorite reader here. Or, if you prefer, have the feed delivered to your email.


Related Articles


Posted by J. Christoph Amberger · Filed Under US Stocks and Markets 

Comments

close Reblog this comment
Powered by Disqus · Learn more
blog comments powered by Disqus