The Fallacy of Airline Mergers

[Erlanger]

http://www.centreforaviation.com/ne...-other-will-not-walk-straight--pilarski/page1

 

[LearLove]

"David Siegel, the CEO of US Airways remarked in 2004 that the industry was not faced with an excess supply. Rather, he surmised, we had too much 10 cent (cost per mile) capacity and not enough six cent capacity. In other words excess capacity is not the problem: high costs, bad pricing, bad labor relations and incompetent management are the problems that need to be addressed."

that's funny, Dave talking about incompetent management.