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Friday, June 04, 2004

Posted by Tanstaafl
An Industry Ready For Takeoff?

This is a pretty good analysis of the airline industry. He mentions that the demise of United could be good for the industry, but he neglects one of the reasons. Right now, due to its past concessions to its unions, United produces a huge upward pressure on labor costs. If it were to fail, American, US Airways and other unionized airlines might be able to play a tougher hand with the unions, reduce costs, reduce prices, and have a fighting chance at competing with the discount airlines.


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