No. It's management greed. Even when oil was at a reasonable price and the dollar was worth a little more the airline industry was still "haywire". This is nothing new. If this were truly a customer service industry and not a "please the shareholder" industry it would be better for labor, management and most importantly the customer. Unfortunately CEO's are more than willing to make changes that will incur short term profits to please shareholders and get a fat 7 digit bonus at the end of the quarter. Short solutions only flush this industry further down the toilet in the long run. CEO's don't seem to take pride in their own product... they know when the airline goes TU they will get a huge severance package and move on to a different industry to screw.

the cycle is continuous and ever accelerating.


Read the book "Hard Landing"

http://www.amazon.com/Hard-Landing-C.../dp/0812928350