“What we’ve got today doesn’t work,” he said in an exclusive meeting with me and several Chronicle colleagues. “It isn’t creating a stable industry.”
about price, and in that sense, it’s been a roaring success. Where it has failed, though, is on the cost side. Most airlines today have a cost structure that’s changed little since deregulation, which impedes consistent profitability.
Airlines’ profit margins are dictated almost solely by fuel and labor costs, which almost never decline in tandem.

Labor has been, is, and will always be under attack. Kellner is not interested in whether employees are happy or not - he just wants to bust into the "cost structure" to increase profitability. Oh, and get that big fat bonus check!