BREAKING NEWS: American To Cut Jobs, Reduce Flights, Add Fee

Ferretlover

FORT WORTH, Texas -- American Airlines said Wednesday it will cut back on domestic flights, lay off workers and add assorted passenger fees as it grapples with record-high fuel prices. …
AMR expects to retire 45 to 50 planes from its fleet, most of them gas-guzzling MD-80 aircraft. Those were the planes grounded for faulty wiring last month. …
AMR
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"RRrrruuuunnnn!!!" ~Apocalypto

heroineworshipper

What is air travel inflation up to now? 1000%?
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People first, then things, then dollars.
There will be enslavement & cannibalism.

DomusAlbion

I hope the government can rebuild the passenger railroad service. I loved traveling by rail when I was a kid. I've always hated the airplane.
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"Modern Agriculture is the use of land to convert petroleum into food."
-- Albert Bartlett

"It will be a dark time. But for those who survive, I suspect it will be rather exciting."
-- James Lovelock

Cashmere · Light Sweet Crude Joined: Mar 27, 2008 Posts: 1485

I love traveling by train as well - so much more relaxing.

U.S. rail is a mess.

The last time I took it, we had to wait 45 minutes at one point for a freight train to pass, because the freight company owned the rails.

Screw New London, use your eminent domain on that shite.
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Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.

vision-master

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1166

TreebeardsUncle · Intermediate Crude Joined: Jun 15, 2006 Posts: 542

Recommend folks read this whole article.

http://articles.moneycentral.msn.com/Investing/Dispatch/080521markets.aspx

Crude oil tops $133; Fed's outlook batters stocks
As crude oil hits new highs, the Dow falls 227 points. The Federal Reserve forecasts slower growth, more unemployment and higher inflation. Airline stocks are crushed; American Airlines says it will cut capacity by up to 12%. HP shares slump despite higher profit.

[Pay attention folks. These next statements should serve as a confirmation to what many have believed for years. It is gratifying to see it in the msm finally.]

Oil's gain signals the end of an era
Although American's move was the latest by airlines to boost revenue and cut costs to cope with higher fuel costs, it may well prove a tipping point for U.S. business and consumers. It is an explicit concession that business as it has been done for years is done.

In addition, many Wall Street analysts believe the continued crude increases are casting doubt on the strength of the stock market this spring. Something has to give.
Get free, real-time stock quotes on MSN Money

"You have a slow holiday week, and the fact that oil keeps flirting with new highs makes for daunting headlines for the individual investor," said Chris Conefry, a trader at Madison Prop Trading. "You couple that with some unease over loan portfolios of midcap banks, and there's certainly an overall 'concerned' tone in the market."

cube · Fusion Joined: Mar 12, 2005 Posts: 3372

MrBill · Expert Joined: Sep 15, 2005 Posts: 5220 Location: Eurasia

Gvil wrote (in a duplicate thread):

mos6507