Will Airlines Have Their Own Bailout?

The recession has been brutal for many businesses but the airline industry has suffered dramatically from soft ticket demand and unpredictable gas prices. Considering the dire straits that many of the world’s most prominent airlines are facing, a federal bailout for the airline industry may not be too far in the future.
 
Airlines typically look forward to the second quarter as a time of the year when travelers most frequently travel by airplane to get to their exotic vacation destinations. However, this year’s outcome has been very disappointing for the airline industry, as the recession, combined with a global swine flu …read more