There is a USA Today article titled "Regional airlines face closings, bankruptcy" about the difficult financial prospects for the regional feeder airlines which has relevance to the passenger rail market, even if the article is oblivious to that aspect.
Excerpt from the first paragraphs in the article:
What are getting shut down are the 50 seat regional jets which were the hot new thing in the late 90s, back when oil was cheap. If the Brent Crude world market price continues to persistently stay above $100, $110 a barrel or bounce back above $100 after every short term market drop, the airline travel availability and afford ability that people have become accustomed to over the past 30-40 years will fade away. I wonder when there will be widespread realization that air travel options for many of the smaller and more distant cities are going to undergo severe contraction. With the implications that has for the economies in those cities.
Excerpt from the first paragraphs in the article:
Ok, so the business travelers, people on personal or vacation travel in many smaller cities and communities are now supposed to get used to driving 2,3,4 hours to the nearest largest airport? Yea, that will be an energy efficient substitute. :huh:Passengers hopscotching across the U.S. may book their trip on one of the major airlines such as United, but it's often smaller, regional carriers with such names as Colgan Air that do the flying.
Regional airlines operate half the nation's scheduled flights and are often the link between smaller communities and the national air service network.
But now, several of those carriers are being closed or are in bankruptcy court protection. They face significant challenges, as the big airlines they often fly for are phasing out smaller and costlier regional jets and cutting some low-traffic regional routes to focus on those that are more lucrative.
As a result, many smaller communities may lose some or all of their air service, and their residents will have to take longer drives to find a flight.
"We're going to see some airports go dark," says William Swelbar, research engineer for MIT's International Center for Air Transportation. "The highway is going to be the connection to the air network system."
What are getting shut down are the 50 seat regional jets which were the hot new thing in the late 90s, back when oil was cheap. If the Brent Crude world market price continues to persistently stay above $100, $110 a barrel or bounce back above $100 after every short term market drop, the airline travel availability and afford ability that people have become accustomed to over the past 30-40 years will fade away. I wonder when there will be widespread realization that air travel options for many of the smaller and more distant cities are going to undergo severe contraction. With the implications that has for the economies in those cities.