S&P: Turbulence Not Over For Airlines

Standard & Poor (S&P) said the airline industry would continue flounder amid higher fuel costs, stiff competition from cheaper airlines and increasing labor costs. S&P said on Thursday in their semi-annual survey of airlines that investors will be hard pressed to make money with most major airlines.

Oil Futures Hold Fast At $47

Light, sweet crude continues to hover around the $47 mark climbing as high as $48.05 but then going back down. Gasoline went up 2 cents to $1.44 a gallon and Brent North Sea crude is 58 cents this morning to $48.68.

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