Vaughn Cordle
Vaughn Cordle
airlines bad bankruptcy carriers concept financial major matched none resources seat three tiny
It was always a bad concept and never made sense. None of the big carriers would give up seat capacity. They matched them on every route. Even with their own bankruptcy problems, all three major airlines had more financial resources than tiny Independence.
airline ceo earn given greatest jack normal profit
Not even Jack Welch, the greatest CEO of all time, could earn a normal profit in the airline industry, given today's condition.
airline fall fed pilots point saying second shut silly willing
I've had pilots who've e-mailed me saying they're so fed up they're willing to fall on their swords. Now think about that for a second -- is that a silly thing to say, to take it to the point that they're willing to shut down the airline out of principle?
continued grind high losses oil prices slow
High oil prices and continued losses will probably be a slow grind to liquidation for some airlines.
management proposing quite
They have a right to be upset, because what management is proposing is quite dramatic.
doomed picked profoundly
Every other carrier that competed with them picked up the pace. They profoundly misunderstood the competitive response. They were doomed from day one.
business case strong though
There's a strong business case to be made for consolidation though that's not to say it will actually happen.