Word: greenslet
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...resources. Before most of the new partnerships can get off the ground, though, they must navigate the thicket of trade restrictions that still restrain international airline traffic. Many governments fear that foreign carriers are gaining too great an advantage in their markets, undermining local jobs and revenues. Says Edmund Greenslet, publisher of the Airline Monitor, a trade publication: "National feelings about airlines obviously trigger more passion than TVs and automobiles. Airlines are a highly symbolic way of establishing national identity in the world...
...Three U.S. airlines protesting the British Airways-USAir deal are making connections of their own. Delta has quietly aligned itself with Singapore Airlines and Swissair, each of which own 5% of the Atlanta carrier's stock. American has held talks with Canadian Airlines International. The Airline Monitor's Greenslet expects six or eight key global alliances to take shape before the end of the decade...
...nearly 40% for business flyers. Competitors jetted to join the cut-and-simplify frenzy, with United's top executives holding late-night sessions to get their own new fares into ads right on American's heels. "This is good for the traveler and good for the company," says Edmund Greenslet, publisher of the Airline Monitor trade journal. "This new structure was long overdue...
...fare structure holds up, it could finally halt the proliferation of discounts in a price-cut-happy industry. "The driving reason for the change is American's desire to get more control over its pricing system than it had when there was a hodgepodge of fares out there," Greenslet says. "American's objective is not to drive TWA out of existence," he asserts. "They can live with TWA operating with a different fare structure, as long as it doesn't declare...
...clear winners under the simplified fare plans. They will get as much as 50% off the previous first-class fares and 38% off unrestricted coach rates on American's flights and realize similar savings on other carriers. "The business traveler was getting ripped off," says the Airline Monitor's Greenslet. "It's just not fair when the price of a full- fare ticket is three times that of a deep-discount ticket." The new fares will be no more than 49% higher than American's discount rates. That should be particularly helpful to self-employed travelers and to small businessmen...