Growth in the airline industry could be headed for a severe slowdown as record-high fuel prices and other factors curb demand, some aviation industry insiders warn.
Passenger demand is expected to suffer as airlines look to pass on their increased fuel costs and companies cut back on business travel due to weaker economic conditions amid the global credit crunch. Rising concerns about the impact that aviation is having on climate change could limit travel, along with passenger security-screening delays and capacity constraints at airports and on navigation networks.
That's fine, I'm not planning on flying anywhere in the foreseeable future. Let the airlines crash and burn (no pun intended), because they don't care about the passengers.