Word: airlinese
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The industry was deregulated in 1978, but you wouldn't know it from all the extra baggage it carries. The main offenders: ever increasing taxes, lack of government spending to build a modern air-traffic-control system and airports, and countless rules imposed without consideration of how the airlines can...
The modest protests last week in Britain over rising fuel costs did not bring the country to a halt, as similar protests had in 2000. Even so, by staging their protests at oil refining plants, the handful of angry truckers who spoke out did manage to throw a spotlight on...
The oldest joke in the airline business is that to make a million bucks, you have to start with ten million. In a business with five percent margins even in good years, the combination of bloated personnel costs, poor labor-management relations, high fuel prices and the rise of pesky...
Bankruptcy, of course, is not the end, especially if you?re in the business of air travel. Two carriers flying today, Continental and America West, actually recovered. But the rise of the low-cost carriers, who now account for a quarter of all passengers in the air, up from less...
If allowed to run their course without political interference, the bankruptcies will likely bring fundamental shifts and consolidation in the industry-if Department of Justice anti-trust lawyers go along. That will eventually mean fewer carriers and slightly higher fares. There will almost certainly be more mergers like the one...