IATA: Airline Revenues Will Tank

Even with crude oil at $56 a barrel, the forecast for the airline industry is grim. According to the International Air Transportation Association, airlines around the globe stand to lose $9 billion collectively this year. That's nearly double the estimate just three months ago.

In lighter news, more air carriers are opening the cabin to four-legged patrons. Southwest Airlines recently announced that they will allow pets on board for a $75 fee if the owner is also on board. No unaccompanied pet program is in place currently.

And when the airline industry is hemorrhaging money it's hard to believe a pet-only airline would actually take off. The brave souls behind Pet Airways, the only pet-only air carrier, are giving it a go.

At any rate, Petflight.com is a good place to start if you need to make arrangements to fly with your pet.