Home  >  Community  >  The Vendio Round Table  >  Major airlines cut back to avoid bankruptcy


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 REAMOND
 
posted on September 15, 2001 07:15:01 PM new
http://abcnews.go.com/wire/US/ap20010915_1152.html

 
 gravid
 
posted on September 15, 2001 07:25:17 PM new
The domino effect worries me -

All these people not flying are not staying in hotel rooms and not eating meals.
The little businesses like the suppliers of food for the airlines will not be rescued by the feds - they will just fold.
The airport limos and taxis - the car rental companies. It just is a massive loss that passes down the line.
The oil companies are set up to make certain ratios of products - but there I suspect a sudden increase in demand for jet fuel to the military will take care of that market.

If you want a hotel room cheap you can get a prime room dirt cheap through priceline. I just got a great reservation and I offered $30 for the room expecting them to counter offer but they took it. I should have asked for $20!!

 
 BufPuf
 
posted on September 15, 2001 07:29:24 PM new

Yes and along with recent major cutbacks at other businesses this will only compound the high unemployment statics.

A domino effect is right.

 
 
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