Monday, November 23, 2009

Airline industry has lost almost $60 billion in last decade

http://www.usatoday.com/travel/flights/2009-11-23-airpanels23_ST_N.htm

Now why would Salem think that ANYTHING Salem could do would make a difference as far as airline service goes?

Remember that oil is now more expensive than ever on an average annual cost basis -- the spike to $147 and collapse to $33 showed people how volatile prices will be now that Peak Oil is here, but the grinding reality is that, under the volatile spikes and collapses, is an inexorable upward trend . . . and that's even before the carbon taxes kick in that the article talks about.

Bottom line: It's time to privatize Salem's McNary Field -- Give the feds the portion they use and get the rest onto the tax rolls as an airfield or for whatever other purpose an investment group wants to use it for. An industry that loses $60 billion in a decade of historically very cheap oil prices will never make money again. The only thing that public subsidies do is take money from public purposes and allow airline executives to lavish it on themselves.

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