BA argues that Chapter 11 is used as another form of state aid and keeps the industry bloated at a time when it would benefit from a sharp reduction in airlines. In the last four years, the U.S. airlines have soaked up 15 billion to 20 billion (12 billion-16 billion) of public subsidies and loan guarantees, ... They're operating in protected markets, they're hoovering up public funds and still they can't make a profit.
More Quotes from Rod Eddington:
Taxes which doubled the cost of aviation fuel and cost airlines and their passengers 50 billion (96 billion) each year would cut less than 0.5 percent off the growth of air traffic over a 30 year period.Rod Eddington
The luck I've had has all been bad. I've had the Concorde crash, 911,foot and mouth, the Gulf war, Sars and high fuel prices. It might make you doubt my sanity, but I've enjoyed it.
Rod Eddington
The British CAA (Civil Aviation Authority) was in complete agreement with our decision to resume Concorde's services shortly after the Air France crash.
Rod Eddington
I apologize unreservedly to our customers for the disruption to their travel plans and cancellation of our flights,
Rod Eddington
significant change to the size of British Airways as it takes further steps to address its cost base and sets the company on course to achieve a 10 percent operating margin.
Rod Eddington
We have made real progress in managing our costs but British Airways still faces a number of other considerable challenges some of which were apparent before the terrorist attacks on the U.S.
Rod Eddington
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