As Has Already Been Said...u Cleared The Path.

[Justme]

***** Air Lines Inc. said on Thursday it plans to cut up to 9,000 jobs, or 17 percent of its work force, as part of cost cuts aimed at returning the bankrupt airline to profitability.

As part of this new plan, ***** is seeking $3 billion, mostly through cost savings, by the end of 2007 by slashing employees' pay, shrinking its fleet by over 100 aircraft....

*******-based ***** said it hopes to save $930 million by cutting employment costs and overhead and boosting productivity, with pilots to absorb $325 million of the cuts and $605 million from the rest of its work force.

Story Here

depressing....but hey, reality is harsh

 

[traderjake]

Not true.

The path was cleared by Southwest, America West, Airtran, Jetblue, etc.

 

[Phantom Fixer]

Not true.

The path was cleared by Southwest, America West, Airtran, Jetblue, etc.

[post="304151"][/post]​

Not to disagree....but to add another demension to this.

The financing companies have as much to do with it as anything.

Airbus , Boeing , GECAS and a host of others have made it far too easy to get started in this business...and those are all being done at cut rate prices with the exception of WN that's near the top on employee pay these days. Sure they don't do a lot of things that other so-called legacy carriers do...but what they do , they do well.

WN had to fight and scratch every step of the way...but others like AirTran/ValueJet and JetBlue ,Spirit and the new Frontier came along in a time when getting financed was a comparative breeze.

Frankly this industry is over capacity due to the ease of creative financing...and the lending agencies are as much to blame as anything for this being so.