"Change Is in the Air"

From Fiorella Bafundo

Owing to the high costs of oil, the Airlines of almost every country of the world have experimented a great change and losses, worst than after the episode of 9/11. Because of the pressure of oil prices, most people prefer flying trough low-cost airlines, which seem to be the ones with better profits nowadays. Anyway, for all the airlines fuel costs now represent almost 36% of global airlines’ expenses, 14% more than five years ago.
What economists anticipate is that for this holiday season “thanks to high fuel costs, 60 million seats will disappear over the same period last year—20 million of them inside the United States—and 275 airports around the world will close all together.”