February 22, 2024
Loading...
You are here:  Home  >  Columns  >  Current Article

No end on horizon for airline industry troubles

IN THIS ARTICLE

henry.jpg

It is a dirty little secret of the U.S. airline industry that over the decades, profits never have exceeded losses for very long.

Given the calamitous developments of the 21st century – the grounding of the industry after Sept. 11, 2001, horrible management and soaring fuel prices – it is likely that the industry will never return to the black.

Even the darling of the industry, Southwest Airlines, is seeking its chickens come home to roost.

The Texas-based airline has been fined, forced to ground its planes and caught cozying up to some Bush Administration officials at the Federal Aviation Administration.


To view this column and all other full stories and offerings in the Business Times, SUBSCRIBE for $49.99 today.