Minnesota_Flyer
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\"Doom\" \"Gloom\" \"Take pay cuts\"
[ QUOTE ]
Some airlines heading for failure, CEOs say
Associated Press
May 4, 2004
FORT WORTH, TEXAS -- The chief executives of three major airlines predict some carriers will fail as the industry deals with a long slump.
The CEOs of American, Continental and Southwest airlines didn't identify the likely losers nor predict when they might collapse.
But Continental CEO Gordon Bethune said ``there is no reason to have six hub-and-spoke carriers.'' Bethune said even some low-cost carriers -- who have performed better recently than traditional airlines -- could fail.
American CEO Gerard Arpey said airlines are squeezed by competition in the form of low fares and high costs.
Southwest CEO James Parker said while some carriers may fail, they could be replaced by new entrants, leaving the skies as crowded as before.
The three made their comments before the Society of American Business Editors and Writers meeting in Fort Worth, Texas.
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MF
[ QUOTE ]
Some airlines heading for failure, CEOs say
Associated Press
May 4, 2004
FORT WORTH, TEXAS -- The chief executives of three major airlines predict some carriers will fail as the industry deals with a long slump.
The CEOs of American, Continental and Southwest airlines didn't identify the likely losers nor predict when they might collapse.
But Continental CEO Gordon Bethune said ``there is no reason to have six hub-and-spoke carriers.'' Bethune said even some low-cost carriers -- who have performed better recently than traditional airlines -- could fail.
American CEO Gerard Arpey said airlines are squeezed by competition in the form of low fares and high costs.
Southwest CEO James Parker said while some carriers may fail, they could be replaced by new entrants, leaving the skies as crowded as before.
The three made their comments before the Society of American Business Editors and Writers meeting in Fort Worth, Texas.
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