Originally Posted by
R57 relay
I remember when Eastern was about to shutdown. So many guys said "When they shutdown, we'll be in good shape!" Not so. The rest of the airlines took up the slack and now instead of having a weak competitor in many of our markets, we had many stronger ones.
During a company "road show" at that time, somebody asked our Financial V.P.: "If Eastern shuts down, won't they just be replaced in ATL by a stronger competitor?" The V.P. replied: "That would actually be better for us, because a healthy competitor wants to make a profit. It's weak, desperate companies that ruin the fare structure, because they'll cut prices below cost just to keep the doors open a little longer, and everybody loses money."
