Word: vaughn
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Emer C.M. Vaughn...
...Emer C.M. Vaughn...
...Emer C.M. Vaughn...
...soon join them. Couple that with two other flyers, United and U.S. Airways, which have been languishing in Chapter 11 for years and you get a picture of an industry in crisis. Since 2000 the airlines have destroyed $34 billion in shareholder wealth, according to industry analyst Vaughn Cordle, and are on track to lose another $6 billion this year...
...full, there are too many seats on offer, and ticket prices are actually too low for most airlines to make money. Bankruptcy has only delayed the pain. Washington has helped prop up failing airlines with government loans or pension relief for the oldest and least-reformed airlines. Oil, predicts Vaughn Cordle, head of the analytical firm AirlineForecasts, "will do to the industry what bankruptcy hasn't been able to--put some airlines out of business once and for all and consolidate many of the others...