Airlines may run out of cash if fuel prices stay high

06/9/2008 | Dallas Morning News (free registration), The

Soaring fuel prices are expected to result in large losses for U.S. carriers, and experts say some airlines may be forced out of business while others consolidate to reduce costs. "If you don't have an oil price of about $75 or $80 a barrel, at the end of 2009, you'll have most of the airline industry on the financial ropes," noted Northeastern University professor Harlan Platt. "They will have run out of cash or virtually run out of cash."

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Dallas Morning News (free registration), The

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