The deteriorating industry environment also prompted Moody's, the ratings agency, to place the Japanese carmaker Honda on review for a possible downgrade.
Even as passengers grimace at each new charge the airlines impose, they have generally been sympathetic toward pilots and flight attendants, aware that the crews are also victims of harsh times in a seriously deteriorating industry.
One issue to consider when investigating the impact of industry shutdown rates on worker layoff rate is that workers may choose to quit in anticipation of deteriorating industry conditions in order to avoid any negative consequences of being laid off.
The other day on Central Park West, it was not easy to find anyone who really cared one way or the other about structures deteriorating or industries suffering, so long as he could find a cab.
Many of the Eastern and Midwestern governments listed by Moody's have deteriorating local industries or other enduring economic problems.
But in the last two years travelers have grown accustomed to hearing bad news about airlines and making accommodations to constricting schedules and deteriorating service, industry experts said.
If you're an investor, homebuilder or realtor hoping that an extension will breathe new life into the deteriorating property industry, don't get too excited, says Josh Levin, an analyst at Citigroup.
He said the buyouts and recent layoffs "are a sure sign that things are deteriorating for the industry".
Mr. White buys stocks with the goal of holding them at least five years, but he may sell if profit margins stop expanding or because of deteriorating company or industry fundamentals.
"Aside from the weather and fly, this low harvest is also an expression of the rapidly deteriorating olive oil industry in Italy, where more and more oil is imported, and less and less is made from Italian trees," he wrote in an email.
