X-Message-Number: 25623 From: "Mark Plus" <> Subject: Overseas cryonicsts' rapidly closing window Date: Mon, 24 Jan 2005 19:44:32 -0800 The era of commercial jet travel could be drawing to a close because of Peak Oil: http://www.forbes.com/business/services/2005/01/24/cx_ld_0124airlines.html Airlines 2005 Airline Losses May Triple Past Estimates Lisa DiCarlo, 01.24.05, 5:30 PM ET NEW YORK - The airline industry's pretax loss for 2005 is expected to be more than triple the previous estimates of one investment bank. The culprit: rising fuel prices. Merrill Lynch (nyse: MER - news - people ) analyst Michael Linenberg believes that the industry's losses for 2005 will balloon to $3.4 billion from $1 billion. The airlines, many of which have hedged less than half of their fuel purchases, just can't get a break. One step forward, two steps back. Manage your risk, not your terror. Mark Plus Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=25623