tonyw
Well-Known Member
So sez that lefty pinko commie liburl newspaper, the Wall Street Journal.
http://online.wsj.com/article/SB116406990390028964.html?mod=todays_us_personal_journal
history shows that airline mergers are about as successful as in-flight meals -- many of them cost too much, disappear, or just leave a bad taste in everyone's mouth.
"There have been more bad mergers than good ones," said Gordon Bethune, former chairman and chief executive of Continental Airlines.
It can take decades for airlines to fully merge operations, and many mergers fail to produce the benefits managers foresee and end up only eliminating flights and opening opportunity to more nimble competitors.
Mergers are difficult to pull off in any industry, even a thriving and growing one. Just ask the folks at AOL Time Warner.
In one where there is a real struggle to stay alive, it's even worse.
And for all the talk of synergies and better customer service, can anyone tell me of one merger between two struggling companies that succeeded?
http://online.wsj.com/article/SB116406990390028964.html?mod=todays_us_personal_journal
history shows that airline mergers are about as successful as in-flight meals -- many of them cost too much, disappear, or just leave a bad taste in everyone's mouth.
"There have been more bad mergers than good ones," said Gordon Bethune, former chairman and chief executive of Continental Airlines.
It can take decades for airlines to fully merge operations, and many mergers fail to produce the benefits managers foresee and end up only eliminating flights and opening opportunity to more nimble competitors.
Mergers are difficult to pull off in any industry, even a thriving and growing one. Just ask the folks at AOL Time Warner.
In one where there is a real struggle to stay alive, it's even worse.
And for all the talk of synergies and better customer service, can anyone tell me of one merger between two struggling companies that succeeded?