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Oil prices to break airlines: CEO
 
Published by kidmercuryblog
05-11-2008

Oil prices to break airlines: CEO

Ultimately a good thing; travel by airplane needs to change drastically to enable the world beyond the nation-state (i.e. the networked society). -- KM

***

The current record highs in oil prices will force some airlines into bankruptcy, the outspoken chief executive of budget airline Ryanair told a German newspaper on Sunday. World oil prices have rocketed 25 percent since the start of 2008 and have doubled in the past 12 months from around 62 dollars.


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airlines, beyond nation state, oil, oil prices

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