Airlines Dropping Like Flies and a Quick Demise

You may wonder if it is only US airlines that are suffering the crunch of high fuel prices and a lacklustre economy. In fact, airlines are being affected on a global scale. For a larger airline, a $1 increase on a barrel of crude oil equals millions of dollars in extra operating experience. For smaller airlines, and budget or low cost ones, who are already operating on a slim profit margin, $1 can be fatal.

Recent days saw the sinking of ATA, Aloha and Skybus. The list now grows internationally - Oasis Hong Kong Airlines is the latest airline to meet a very sudden demise, citing what now is becoming all too familiar - the cost of fuel among other factors.

Oasis Hong Kong Airlines had been offering really great airfares from the UK and Canada to Hong Kong. Not anymore.

Info about the ceasing of operations at Oasis Hong Kong Airlines