Word: aboulafia
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...same time, total domestic passenger traffic has been falling at an annualized rate of 7%, after growing 4% annually for the previous decade. "Four-figure business fares are like heroin to the airlines. They're addicted to them, but they're bad for their health," says Richard Aboulafia, an analyst for the Teal Group, an aerospace and defense consulting firm in Fairfax...
...bailout package passed by Congress. The DOT, with encouragement from North Carolina politicians, graciously complied and cut a check for a cool, taxpayer-funded $10.8 million on Nov. 30. Industry analysts were surprised by the Midway bailout. "This sets a new and dysfunctional precedent in airline economics," says Richard Aboulafia of the Teal Group. Aviation Daily editor Michael Miller called the move "a great public-works project for the state of North Carolina." Midway Airlines CEO Robert Ferguson would not return phone calls from TIME, but other reports have said the airline may try to start flying again this month...
...still for the Concorde is the damage to its prestige that the crash and the grounding have caused. People paid thousands of dollars more than for regular airliners to fly the Concorde, not only for its speed but also for bragging rights. "The Concorde meant getting pampered," says Richard Aboulafia, an aviation analyst at the Teal Group in Fairfax, Va. "Uncertainty about the plane eliminates part of the cachet that was crucial to the Concorde's success...