Jaunted

Richard Branson

Branson Says Airline Industry Is Real, Spectacular

July 12, 2008 at 11:00 AM | 0 Comments

Serial airline entrepreneur Richard Branson channeled a bit of Teri Hatcher's "Seinfeld" character in a recent interview, telling the UK Times that he expects "spectacular casualties" in the industry over the next 12 months.

The mogul went on:

You have the perfect storm--you've not only got the banking crisis and the housing crisis, you've got the soaring fuel prices as well. One of the big American carriers will almost definitely go.

Here's hoping his predictions don't indicate his thinking on the Virgin-branded carrier in the US, about which rumors have recently swirled.

Related Stories:
· Branson Predicts "Spectacular" Airline Casualties [Reuters]
· Richard Branson coverage [Jaunted]