http://www.nytimes.com/2004/12/27/b...partner=ALTAVISTA1&pagewanted=print&position=
Rather a gloomy outlook as portrayed by that article. Obviously most of us (even folks like me, the lowly private pilot) already know most of this, but seeing it all together in one place is rather sobering. If you don't read the whole article, check these few short paragraphs towards the end:
It's clear that it's high time for some real changes, preferably before more airlines go under and even more people lose jobs...why aren't more people talking about strikes to get management to really change things? Would strikes even have an impact, or is there a better, feasible way? My last few flights on United have been oversold by 10-15 seats on 737s and 757s, yet they're far from turning a profit...something is definitely, fundamentally wrong. I know I'm preaching to the choir, but that's my 2 cents.
Peter
Rather a gloomy outlook as portrayed by that article. Obviously most of us (even folks like me, the lowly private pilot) already know most of this, but seeing it all together in one place is rather sobering. If you don't read the whole article, check these few short paragraphs towards the end:
Airlines are hoping for a reprieve in the form of lower prices for jet fuel, which rose 74 percent this year, to more than $1.50 a gallon. That could give them an opportunity to be profitable again after losing $30 billion in the last five years.
Even so, profits will not restore the jobs the companies are eliminating; bring back the traditional pension plans that are being dropped; or do away with the cost-cutting that has been announced.
And as JetBlue, Southwest and other low-fare airlines keep a lid on prices, the big airlines cannot raise fares substantially to give themselves a cushion as they once might have done.
Mr. Grinstein of Delta said, "If we are waiting for some miracle to occur, we are wasting our time and we'd be better off saving our breath."
It's clear that it's high time for some real changes, preferably before more airlines go under and even more people lose jobs...why aren't more people talking about strikes to get management to really change things? Would strikes even have an impact, or is there a better, feasible way? My last few flights on United have been oversold by 10-15 seats on 737s and 757s, yet they're far from turning a profit...something is definitely, fundamentally wrong. I know I'm preaching to the choir, but that's my 2 cents.
Peter