| Make no mistake the US stock market is in crisis | | | | and climbed back up for a bit of altitude only to fall |
| mode and some of America's greatest companies | | | | again back during the massive sell-off and crash of |
| have lost almost all of their shareholder's value. One | | | | the stock market in October of 2008. It's been |
| industry that is getting hit hard is the airline industry, | | | | widely predicted that there would be several |
| no, not as bad as the banking sector, but still things | | | | bankruptcies in the airline sector in 2008 and with all |
| are pretty devastating considering the last few years | | | | the losses and tightened credit it appears this |
| of turbulence due to ultra-high fuel costs. | | | | prediction will come true. |
| And as if that was not bad enough there are | | | | Even with fuel costs coming down in October of |
| back-orders for the most fuel-efficient aircraft and | | | | 2008, which helps ease the losses and produce |
| the Boeing Company is having yet another huge labor | | | | profits, investors are scared and running from airline |
| dispute and mechanics strike. While everyone was | | | | stocks. Of course, all airline stocks have been hit |
| watching the bank stocks tank and investment banks | | | | lately. American, Northwest, and Delta Airlines also |
| fail, the airline industry was busy getting hammered | | | | experienced sell-offs, many of these stocks had lost |
| also, but not everyone was even watching. | | | | 75% or more. Indeed, the Airlines are just one victim |
| It appears that US Airways, which tried for a merger | | | | of the financial crisis. Please consider this. |
| last year had slipped below two-dollars in July of 2008 | | | | |