Originally Posted by flyallnite (Post 1288886)

Well for whatever it's worth...

Election Over: What it means to Airlines industry




Chris BagleyStaff Writer- Triangle Business Journal Email
Analysts said Wednesday that Pres. Barack Obama’s reelection may settle several questions that had been hanging over transportation companies, including the possibility that a Mitt Romney administration might have pushed to eliminate a cap on foreign ownership of airlines.
Federal law has capped foreign ownership since 1926, when the aim was to foster what was then a fledgling industry. The original 49 percent cap was later tightened to a 25 percent cap that applies only to voting shares.
Several proposals to relax the cap have been floated in Congress over the years, including a Bush-era proposal to move the cap back to 49 percent.
While Romney himself said little about such proposals, people in the industry looked for him to push for a lifting or elimination of the cap. Such expectations were widespread, said Bob Mann, an airline-industry consultant in Port Washington, N.Y.
“The argument is that (the cap) limits investment,” Mann said.
“The counter to the argument is ‘Why would anyone be interested?’,” he added, only half in jest. The industry has been in choppy skies since 2001, with multiple recessions and rising fuel costs. Midway Airlines, for example, which was based at Raleigh-Durham International Airport, dissolved in 2002. Nearly all major airlines to survive have done so with help from bankruptcy reorganizations, and the industry has consolidated considerably in attempts to gain pricing power vis-a-vis suppliers and passengers.

Originally Posted by Columbia (Post 1288902)

Is that Boomers real name?

Originally Posted by Check Essential (Post 1288949)

UGH.
I hope this is just a one day relaxation of the APC ban on politics.

The AE closes tomorrow. Can we talk about how bad its gonna be?

Originally Posted by shiznit (Post 1288987)

Let's turn this energy towards "pilot stuff":

Do any of you think the lack of "re-election threat" that exists now because the election is over will give the UCAL pilots some leverage and a release if the latest offer gets turned down by a large margin (Provided it ever makes it past the MEC's)?

I'd like to see UCAL surpass the DAL PWA by a solid margin, so as to set up the "upward ladder" since we have such a short term deal!

Thoughts?