Traditional Airlines are struggling worldwide

· Traditional model carriers losing market share to low-cost ticket less carriers

** US Majors lost 40% market share to low cost carriers in last three years

** GoAir, Avolar Aerolineas, USA 3000 Airlines and Oasis Hong Kong Airlines are among noted carriers taking major market share from traditional trunk airlines by offering fares that cannot be matched by those traditional carriers

· Sabena, Swissair, Midway and many others have gone out of business worldwide

· Delta Air Lines and Northwest Airlines are still in bankruptcy

· Continued fuel price volality and economic uncertainty could cause new mergers among mega-carriers, giving new entrants new and unexpected business opportunities

· US and European traditional carriers are just now beginning to emerge from years of crippling financial results, giving new-entrant carriers more opportunities

· Cost Plus carriers are desperate for their own reservations systems when majors fail

· More new model airlines are starting every month