Building a world of
resilient communities.

MAIN LIST

 

US: Which Airline Will Not Survive?

Earnings are down and excuses are plentiful for air carriers: High fuel costs, low fares, the economy and competition from discount airlines like JetBlue Airways are among the most popular culprits for industry captains such as Delta Air Lines' Gerald Grinstein and Continental Airlines' Lawrence Kellner. So far, of the five major U.S. airlines that had reported earnings as of yesterday--American Airlines, Delta, Continental, Northwest Airlines and Southwest Airlines, --only Southwest posted a profit. Combined losses at the other four totalled $3.17 billion. Still to report are US Airways, UAL's United Airlines, America West and Alaska Air; all are expected to add to the total losses. The largest hit was suffered by Delta on Thursday: a $2.2 billion loss--the worst annual performance in the history of the industry.

Ailing firms will continue to fight with fare overhauls, payroll cuts, financial restructurings and the like. The alternative: what flyboys call buying the farm.

Online Poll Results:

Which airline will not survive?
America West    
336 votes (2%)
American Airlines    
408 votes (2%)
Continental Airlines    
362 votes (2%)
Delta Air Lines    
2872 votes (13%)
Northwest Airlines    
236 votes (1%)
United Airlines    
1700 votes (8%)
US Airways  
9690 votes (44%)
More than one of the above    
4515 votes (20%)
None of the above    
520 votes (2%)
I don't know    
1466 votes (7%)
 
22105 people have voted so far    Discuss this poll
Your vote was on 1/24/2005 9:15 am

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Tags:  

Socialism for the Rich: Drawbacks of our Current Money System

There are many reasons to change the current money system.

The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the …

We are all Greece

The cast of heroes and villains in Greece’s ongoing battle to save its …

Post-Development Discourse: Lessons for the Degrowth Movement

Is degrowth only conceivable in the context of “oversaturated” …

New Currencies and their Relationship with Fiat Currency

Creating and maintaining a currency without any interaction with fiat is …

What About Innovating Beyond the Growth Trap? A Challenge to the Ecofiscal Commission’s Growth Fixation

A new voice has emerged recently in Canada called the “Ecofiscal …

The Case for a “Jazz Revolution” Against Corporate Capitalism

Should checkerboard revolutionaries let their preference for incremental, …