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Don’t Panic

August 22nd, 2008

Everyone is nervous about the recent downturn in the airline industry. Airlines are seeing furloughs, layoffs, and slow downs in operations. It all sounds very frightening; and for some people (those being furloughed and laid off) it’s down right depressing.

The industry is in self-preservation mode. It may seem dire, but the tough decisions CEO’s are making right now will likely save more jobs than the numbers that were lost in the process. Airlines can simply operate themselves into bankruptcy, unless things change.