American will have a tough time in 2006, it all depends where the price of oil goes. |
Every other carrier that competed with them picked up the pace. They profoundly misunderstood the competitive response. They were doomed from day one. |
High oil prices and continued losses will probably be a slow grind to liquidation for some airlines. |
I'd bet there'd be no strike because it would be the death of Northwest ? and the employees' jobs. |
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? |
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. |
It's offsetting all the good progress American and the other airlines are making on their non-fuel costs, specifically in labor. |
Not even Jack Welch, the greatest CEO of all time, could earn a normal profit in the airline industry, given today's condition, |
Not even Jack Welch, the greatest CEO of all time, could earn a normal profit in the airline industry, given today's condition. |
There's a strong business case to be made for consolidation — though that's not to say it will actually happen. |
They don't want to go that deep. Hence the strike threat. |
They had no choice. If they didn't agree to it, a bankruptcy judge would impose it. It's in management's best interest _ and the pilots _ to have everyone agree to the cuts so they don't have morale problems. |
They had no choice. If they didn't agree to it, a bankruptcy judge would impose it. It's in management's best interest - and the pilots - to have everyone agree to the cuts so they don't have morale problems. |
They had no choice. If they didn't agree to it, a bankruptcy judge would impose it. It's in management's best interest -- and the pilots -- to have everyone agree to the cuts so they don't have morale problems. |
They had no choice. If they didn't agree to it, a bankruptcy judge would impose it. It's in management's best interest — and the pilots — to have everyone agree to the cuts so they don't have morale problems. |