Word: airlinese
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The objective profit and loss have suffered too. Airlines explore the temptations of Chapter 11. Amtrak staggers ahead, feckless and insolvent, through train wrecks and slowdowns. It is time to make very large changes--to rearrange the mix of the three basic modes of mass transportation: air, rail and highway...
Amid all the upheaval, one thing seems certain: the airlines will probably leave passengers more confused and frustrated than they are today. "You get what you pay for. Southwest isn't a business airline. American is. But they're in danger of losing that distinction," says Chad Robertson, 25, a...
Trains are two to eight times as fuel efficient as planes. As things stand, passenger trains receive only 4% as much in federal subsidies as the $13 billion given annually to the airline industry. Highways receive $33 billion in federal funds. Both airlines and highways have dedicated sources of federal...
When Continental Airlines, one of the most maligned passenger carriers in history, was headed into bankruptcy in 1993, moneyman David Bonderman rushed in with Texas Pacific Group, like a team of trauma surgeons, to give it a $66 million transfusion. A year later, the group pumped in $40 million to...
Find the sickest company you can, and the odds are good that Texas Pacific wants a hand in healing it--in return for a big ownership stake. After 9/11, few other investors would touch the airlines, which have lost two-thirds of their value in the past year. But ever...