Word: aires
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...claim as rough a ride in 2008 as those in the airline business. Eye-watering fuel prices in the first half of the year and the onset of a global slump in the second will mean a $5 billion loss for the industry this year, according to the International Air Transport Association (IATA). More than 30 carriers from Hong Kong to the U.S. have gone under in 2008. Desperate to trim costs and bolster revenues, carriers are turning to mergers to survive, and nowhere is that happening more than in Europe. "The name of the game," says Geoff van Klaveren...
Those airlines lacking resources and scale may have little choice but to yield to larger ones, analysts say. Alongside Air France-KLM - Europe's biggest airline and still a favorite to grab a minority stake in beleaguered Italian flag carrier Alitalia - and the ever growing Lufthansa, an enlarged BA and Ryanair would mean "for most of the smaller network airlines who have a very weak balance sheet, they're going to have to fold into one of those four groups," says Exane BNP Paribas' Van Klaveren. Scandinavian Airlines (SAS), for one, "will survive 2009, but I doubt it can survive...
...ROTC back until "don't ask, don't tell" is overturned. Moreover, even if Bollinger did let ROTC on campus, the Pentagon may not allocate funding to start training there, according to spokesperson Eileen Lainez. Students who are so inclined can continue to participate in Army ROTC and Air Force ROTC at nearby colleges...
...ground planes and cut routes, but hotels don't have that option. You can close wings, or certain floors, Hansen points out, "but the problem is, in markets like Miami" - which just saw the re-opening of the 1,504 room Fontainebleau in November - "you can't shut down air conditioning because you'll have mold and mildew...
...draft proposal authorizing military action inside Somalia currently before the U.N. Security Council. But sending troops into Somalia is fraught with danger, as the American soldiers of Blackhawk Down, and now the Ethiopians, know to their cost. Present day U.S. operations against the Islamists - publicly confined to air strikes, but also including some clandestine fighting on the ground - have killed two significant leaders, including the bomb-maker in the 1998 al-Qaeda bombings of U.S. embassies in Nairobi and Dar es Salaam in Tanzania...