Another industry hit by the current economy is the airline industry. In 2008 when gas prices were at record high prices the airline industry cut down several thousand jobs. The airline industry was hoping that with lower oil prices the airline industry would turnaround however with the current economic state, people are not traveling causing airline industries to cut their airline fares. I believe that the airline industry has to cut fares to get people to fly. People are choosing to drive to their locations instead of flying. The American public are just more conservative. I believe their will be some good deals this summer which several people will enjoy but the airline industry will suffer.
http://finance.yahoo.com/family-home/article/106694/Airlines-Slash-Fares-to-Fill-Up-Empty-Seats
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