Originally Posted by
Braniff DC8
PSA, not let them fail??? Braniff, Eastern, Pan Am, TWA. The darlings of deregulation: Air Florida, America West, Midway. ALL GONE! The government will let them fail and Sept 11 was a one off to save jobs. The truth is AA, DAL, UA, AWA and USA were all in big trouble after Sept 11 and any or all of them could have shut down. Some would say they should have to save those that were stronger but that's more opinion. Dinosaurs were chosen for extinction (see the great statement by Jeff Goldbloom in Jurassic park).
I would say that their is a shortage of perhaps those applying for licenses but that can always be taken care of, as it is now, by expats. South Africans and Australians in particular. Thousands would line up for the "American dream. It's a lot safer and cheaper to live in the USA.
The regionals are offering better deals by now for sure. It was as not all that long ago where you had to pay 10,000$ to fly a Beech 1900 at Commutair and all the other regionals for that matter. The flows are great but that's been a long time coming.
The promises of flows and all those bonuses can be taken away anytime.
Sorry to be Debby Downer but I have watched this rodeo for many many years and eventually it goes down hill. Watching all the poor Eastern guys trying to find work in 90/91 was really sad.
I think a lot of the young guys and gals today from the military and the regionals or 135 might not know the history of the airline industry. Like the Kennedy's, interesting and great history but lots and lots of skeletons that were often swept under the rug.
Most of the airlines could care less about you and will dump you on the street, cut your pay and take your pension anytime they want. All these great deals or contracts still have force mejure in them!
Second rant finished.
Ancillary fee, and 3 passenger majors remaining & SW, JB, Alaska/Virgin (once approved by DOJ).
THE AIRLINE BUSINESS MODEL OF THE PAST HAS CHANGED. NOT ONLY IS THERE LESS COMPETITON, BUT THE MAJORS HAVE FOUND A WAY TO MAKE MORE MONEY. OPERATE A MORE FUEL EFFICIENT OPERATION, ROUTES, PROCEDURE, NEXTGEN, etc...THEY WILL NOT GO BROKE and Bankrupt AS easily THEY DID IN THE PAST. SOME MAJOR EVENT OR CATASTROPHES MUST OCCURE.
THIS IS NOT YOUR 1990's Airline. More efficient airplanes & profits.
They can handle higher fuel prices also. Capacity control is a great tool being utilized, better fair pricing, using smarter algorithms.
THIS INDUSTRY IS DIFFERENT. NOT THE EARLY 2000s Majors or industry either.
Don't be fooled. They will be making money for a long time, baring Global meltdown, catastrophe, and harmful domestic regulation.