Oil Continues To Drop!

[Bluestreak]

Anyone watching the price of oil? Last I looked it was down $1.02 to $47.95. There was a story on CNBC saying that oil invantories are at record high levels.

 

[Red Tail Bear]

I'm sure its just the calm before the storm (Summer travel season)!!!

 

[KCFlyer]

Anyone watching the price of oil? Last I looked it was down $1.02 to $47.95. There was a story on CNBC saying that oil invantories are at record high levels.

[post="270661"][/post]​

And yet many airlines are still pricing tickets as if it were already at $20 a barrel.

 

[FWAAA]

And yet many airlines are still pricing tickets as if it were already at $20 a barrel.

[post="270719"][/post]​

That's because they are desperate for cash, KC. B)

Wouldn't matter if oil were $1,000/bbl, if you're desperate for cash and face a glut of domestic capacity, you still sell the seats for whatever people will pay for them. And at USAir and UAL, the floor's the limit on pricing. 😀