Just When Airlines Thought Things Couldn't Get Worse

Article Abstract:

The spike in oil prices following Hurricane Katrina and the potential of Hurricane Rita to lead to further price increases are not good for airlines, and some could end up filing for bankruptcy.

Financial management, Air Transportation, Scheduled, And Air Courier Services, Finance, Airlines, Company financing, Hurricane Katrina, 2005

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Oil's Lesser Role In U.S. Economy Limits Damage From High Prices

Article Abstract:

Higher fuel prices are not as damaging to the U.S. economy as in the past because service industries have grown in importance, and many factories now rely on coal, nuclear power or natural gas.

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An Oil Shock That Could Be an Economic Stimulus in Disguise

Article Abstract:

Economists predict that the current increases in oil prices will not have the same devastating effect on the U.S. economy as similar increases did in the past.

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