Word: boom
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Rather than cause brief setbacks to the airline industry's fortunes, 9/11 and the recession exposed a raft of deeper problems: high fixed costs, a convoluted fare structure, a boom in online bargain hunting by consumers and the growing disaffection of business travelers and their bosses. The full-service airlines' soak-the-rich business model, which has always prized maximizing revenue over operational efficiency, looks all but busted...
Rebuilding it will be wrenching for an industry that collected a record $22.7 billion in profits from 1995 to 2000. With the country enjoying an unprecedented economic boom, corporate travel managers were willing to pay the $2,000 walk-up fares for New York to Dallas or San Francisco to Miami. So it didn't matter how many vacationers were snapping up $400 deals to fly to Hawaii. From January 1996 to December 2001, business fares rose 75%, according to American Express Corporate Travel...
Even when the economy starts to grow again, it's hard to see business-travel revenue returning to its boom-time levels. The economy, after all, is unlikely to be cruising along at the breakneck pace of the '90s. Overall, business travel has fallen more than 20% since 2000, according to the Business Travel Coalition. As many as 80% of road warriors surveyed by the coalition plan to trim air travel even more this year, and nearly three-quarters think some of the cutbacks will be permanent. Phil Condit, CEO of Boeing, has said that at least...
...surging tide of fashion. Surf brands such as Quiksilver, Rip Curl and Billabong--originally created for males--have rapidly expanded their female lines over the past few years. The clothes' increasing popularity has in turn drawn younger girls from the malls to the beach. Once they get there, a boom in surf schools makes learning to surf as common as enrolling in a yoga class. No longer content to sit on the sand and watch the guys feel the ocean beneath their feet, an estimated half a million women in the U.S. are taking up the sport (twice as many...
...Sshhhh!" (Fantagraphics Books; 128pp.; $14.95) consists of ten short vignettes that occasionally relate to each other. The only words that appear are a few onomatopoeia such as "ring," "poff" and "boom." All of them feature a bird-man character with webbed feet and a crow's beak wearing a jacket and hat from the 1950s. The stories mix reality with nonsense, and humor with sadness. One episode has the bird-man followed around by a skeleton no one else can see. Unable to ditch the specter of death, bird-man accepts him as a houseguest, sharing his snacks and bathroom...