air travel

Former Airbus insider, Kristen Lagadec, explains to GlobalPublicMedia why high oil prices are even more painful for aircraft manufacturers than for the airlines, who are already suffering.

Richard Heinberg muses on the passing of the days of cheap air travel: The airline industry has no future. The same is true for airfreight. No air carrier has a viable plan to make a profit with oil at current prices—much less in years to come as the petroleum available to world markets dwindles rapidly.