There's a strong business case to be made for consolidation though that's not to say it will actually happen.
More Quotes from Vaughn Cordle:
You watch. The first thing these airlines will do when they get on the other side of bankruptcy will be to announce exciting new growth opportunities. We'll be off to the races again and headed for another restructuring.Vaughn Cordle
I'd bet there'd be no strike because it would be the death of Northwest and the employees' jobs.
Vaughn Cordle
Not even Jack Welch, the greatest CEO of all time, could earn a normal profit in the airline industry, given today's condition,
Vaughn Cordle
It's offsetting all the good progress American and the other airlines are making on their non-fuel costs, specifically in labor.
Vaughn Cordle
They had no choice. If they didn't agree to it, a bankruptcy judge would impose it. It's in management's best interest - and the pilots - to have everyone agree to the cuts so they don't have morale problems.
Vaughn Cordle
It was always a bad concept and never made sense. None of the big carriers would give up seat capacity. They matched them on every route. Even with their own bankruptcy problems, all three major airlines had more financial resources than tiny Independence.
Vaughn Cordle
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