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davetheflyer · February 14th, 2003, 18:30

Pretty much where we are now. I think that UAL and USAir will not be the only airlines in bankruptcy. I think that UAL will survive, no thanks to the machinists (according to USA Today, their current unofficial motto is "Highest pay until the last day"). The BK judge will probably approve pay cuts for UAL.

I think that there is no question that the regionals will continue to expand as the majors cut costs. Low fare, low frills outfits will also do well. I think that for much of the flying public, their choice of airline is based solely on cost of the ticket.

The full fare majors are obviously going to be hurting for at least 3-5 years. This is based on their high fixed operating costs, not just labor.

Wild cards are the current war fears, terror attacks, and how many pilots will flood the market if one or more companies fail.

February 14th, 2003, 18:30	#52
davetheflyer Senior Member Join Date: Dec 2001 Location: KATL, Georgia, Tennessee Posts: 1,016	Re: Industry Outlook: Pretty much where we are now. I think that UAL and USAir will not be the only airlines in bankruptcy. I think that UAL will survive, no thanks to the machinists (according to USA Today, their current unofficial motto is "Highest pay until the last day"). The BK judge will probably approve pay cuts for UAL. I think that there is no question that the regionals will continue to expand as the majors cut costs. Low fare, low frills outfits will also do well. I think that for much of the flying public, their choice of airline is based solely on cost of the ticket. The full fare majors are obviously going to be hurting for at least 3-5 years. This is based on their high fixed operating costs, not just labor. Wild cards are the current war fears, terror attacks, and how many pilots will flood the market if one or more companies fail.