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Branson saying 1 or more Legacy will fail...

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USCtrojan

KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Branson reporting somebody in the US is toast.....



Branson: Unlikely all big U.S. airlines will survive

Tue Jun 2, 2009 7:33am EDT


TOKYO (Reuters) - British entrepreneur Richard Branson, founder and president of Virgin Atlantic Airways VA.UL, said on Tuesday he believes it is unlikely that all big U.S. airlines will survive the next 12 to 18 months.
"I don't think that the American government will yet again put more billions into the airline industry. They've learned their lessons from the car industry," Branson told Reuters in an interview in Tokyo.
"I just happen to believe it is unlikely that all the big American carriers will survive the next 12 to 18 months," he said, adding that at least two airline companies are vulnerable.
Branson did not specify which airlines he was referring to.
Virgin Atlantic said on May 26 that its yearly profits nearly doubled, but warned that the weak economic environment would make it "almost impossible" for airlines to make a profit in the current year.
Meanwhile, Branson also said Virgin Atlantic is interested in launching flights between Australia and Tokyo's Haneda Airport, which is currently undergoing a major expansion, in the next 12 to 18 months.
(Reporting by Mariko Katsumura)




Trojan
 
Last edited:
He also stated this using the exact words 12 and 18 months ago.

I agree with hm, but not on the timing. If oil had stayed up we would have two less Legacy carriers today.
Now, I am betting that one will be merged with another, and the last one will be gone.
 
Branson reporting somebody in the US is toast.....



Branson: Unlikely all big U.S. airlines will survive

Tue Jun 2, 2009 7:33am EDT


TOKYO (Reuters) - British entrepreneur Richard Branson, founder and president of Virgin Atlantic Airways VA.UL, said on Tuesday he believes it is unlikely that all big U.S. airlines will survive the next 12 to 18 months.
"I don't think that the American government will yet again put more billions into the airline industry. They've learned their lessons from the car industry," Branson told Reuters in an interview in Tokyo.
"I just happen to believe it is unlikely that all the big American carriers will survive the next 12 to 18 months," he said, adding that at least two airline companies are vulnerable.
Branson did not specify which airlines he was referring to.
Virgin Atlantic said on May 26 that its yearly profits nearly doubled, but warned that the weak economic environment would make it "almost impossible" for airlines to make a profit in the current year.
Meanwhile, Branson also said Virgin Atlantic is interested in launching flights between Australia and Tokyo's Haneda Airport, which is currently undergoing a major expansion, in the next 12 to 18 months.
(Reporting by Mariko Katsumura)




Trojan
Let's just hope it's that POS airline virgin america!
 
Strange gate stuff afoot @ ORD. CAL occupying UAL gates. Whats that all about?


W
 
Strange gate stuff afoot @ ORD. CAL occupying UAL gates. Whats that all about?


W

I was there last week and was told that that pod will be mostly all Delta soon. Its one of the only locations i know of where the Delta ops is going to be moving to the NWA side. fwiw
 

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