Dartie its not getting any better, definitly not in the US and recently aircanada is in deep trouble. Europe hasnt been affected as seriously but is still looking bad. All the airlines are cutting back and reshuffeling their companies. Its not like they’ve had all this time since 9/11 to recover, there was the war on iraq and SARS. I dont think anyone could say things are getting back to normal, even the major expanders are slowing down, for example ryanair. But also what a lot of people don’t realize is that the US airline industry was starting to do badly before the terrorist attacks of 9/11. Over ambitious growth leads to an implosion. I think it will be another couple years at least before things are good once again. My last point is that the airline industry as a whole has never been profitable, individual players have been very succesful but as one its a loss making industry and the reason it survives is the government support, not only financially but airlines dont have to compensate for environmental damage as well as national carriers having key slots reserved. For example when 9/11 happened the insurance on planes soared, but the airlines didn’t cover those costs the governments did.
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