General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
Expected movement is towards chapter 11....
The increase in cost and the reduction in demand will significantly stress all the airlines during the next few years
Doubtful. Consolidation will create 3 large legacies with better pricing power. Throw in SWA not having hedges to lower fares, and extra ancillary revenue now available from bag and change fees, and the future does look good for airlines that can afford the gas, sans another 9-11 type event. Look at this recent recession, most legacies still had record profits, even with Europe imploding.
Bye Bye---General Lee