Airplanes falling out of the sky left and right...

[Subdivisions]

Metaphorically speaking, of course...

http://www.cnn.com/2008/TRAVEL/04/04/airlines.bankruptcy/index.html">Skybus becomes third airline this week to close

Skybus Airlines announced Friday it is shutting down its passenger flights -- becoming the third airline this week to cease operations.

Skybus Airlines joins ATA and Aloha Airlines, which announced shutdowns earlier this week.

The low-cost carrier couldn't overcome "the combination of rising jet fuel costs and a slowing economic environment," the company said Friday. "These two issues proved to be insurmountable for a new carrier."

Skybus, an Ohio-based airline founded in 2004, will cease operations effective Saturday.

Earlier in the week, ATA Airlines and Aloha Airlines announced they would shut down flights as both companies work through bankruptcy filings.

ATA, an Indiana-based low-cost charter airline, filed for Chapter 11 status Wednesday as a result of financial problems "following the loss of a key contract for our military charter business," the company said. The company started operation in 1973.

-snip-

The canaries in the coalmine...

[Strelnikov_]

1. Tweet, tweet, Yergin sez lots o' seed left, tweet, tweet,

Thump.

[Subdivisions]

2. YERGIN?!!!! ROFLMAO!! How many Yergins for a barrel oil now? HA! n/t

[Strelnikov_]

4. 2.796 n/t

[lonestarnot]

3. Yergin?

What is a yergin?

[Strelnikov_]

5. Daniel Yergin. Oil industry shill

Heads up CERA, a consulting company that specializes in advising governments and private companies on energy markets, geopolitics, industry trends, and strategy.

Basically, he is tasked by the oil industry to blow smoke up peoples asses about how petroleum resources are plentiful and there is no looming supply problem.

There is a lot of money to be made in the initial stages of 'peak oil', some of which will not be made if the 'consumers' catch wind of the beginning of the end of the oil age, and start to make other economic and political arrangements. This is why the existence and effects of peak oil are being treated similar to global warming by the corporate media and our politicians.

[realisticphish]

6. damn

they were great for low-cost tickets out of Columbus

[1]

7. every time fuel costs go up...

all sorts of "airlines" go falling from the sky.

that's just the business...

[DadOf2LittleAngels]

8. Its mostly fuel

Alot of these smaller carriers are buying up older planes that are not fuel efficient...

[gateley]

9. This is beginning to happen in

EVERY industry.