lowecur
Well-known member
- Joined
- Sep 14, 2003
- Posts
- 2,317
Lowercur,
Yes, I think that at least one legacy carrier and one or more startup/lccs will cease existence in the next five years. It is pretty much a given. Most of the experts have alluded to it already. I don't remember saying anything about that? They really haven't changed their money losing ways, just dumped debt. Unfortunately, their debt and their pension plans was their reserve fuel. They have no reserve fuel when the next inevitable war breaks out. Once one biggie goes down, it will balance out the marketplace to the betterment of everyone else so at this point it is just a waiting game to see who falls. It could be anyone. As they say in healthcare, it isn't always the sickest patient who dies first. It could be debtor driven, it could be management driven, it could even be labor driven. Putnum pulled the plug on Braniff on a day when he had the stomach flu and didn't feel well. It just needs a catalyst which could be a war, accident, strike, failed merger, spike in interest rates, or even a combination. The only certainty is that it will happen.[/quote]Don't see any failures of existing legacy's or entrenched LCC's. I do see further consolidation as things get dicey around 2010. If that scenerio plays out, SWA will again be disappointed.
Yes, I think that at least one legacy carrier and one or more startup/lccs will cease existence in the next five years. It is pretty much a given. Most of the experts have alluded to it already. I don't remember saying anything about that? They really haven't changed their money losing ways, just dumped debt. Unfortunately, their debt and their pension plans was their reserve fuel. They have no reserve fuel when the next inevitable war breaks out. Once one biggie goes down, it will balance out the marketplace to the betterment of everyone else so at this point it is just a waiting game to see who falls. It could be anyone. As they say in healthcare, it isn't always the sickest patient who dies first. It could be debtor driven, it could be management driven, it could even be labor driven. Putnum pulled the plug on Braniff on a day when he had the stomach flu and didn't feel well. It just needs a catalyst which could be a war, accident, strike, failed merger, spike in interest rates, or even a combination. The only certainty is that it will happen.[/quote]Don't see any failures of existing legacy's or entrenched LCC's. I do see further consolidation as things get dicey around 2010. If that scenerio plays out, SWA will again be disappointed.
imp: