Is More Consolidation Ahead for Troubled Airlines?
What’s ahead for the troubled airline industry? The Las Vegas Sun reported last week that America West’s CEO predicted the industry is on course to consolidate and only two or three companies are likely to emerge. Douglas Parker, chairman, president and chief executive of America West Airlines, told 3,000 executives of American Association of Airport Executives attending a convention and trade show at the Las Vegas Convention Center that airlines are part of “an industry in turmoil,” thanks to high fuel costs and an overabundance of seat capacity. He said the industry is ripe for consolidation because United Airlines is struggling to get a loan guarantee from the Air Transportation Stabilization Board; US Airways, which emerged from Chapter 11 bankruptcy protection is on the verge of returning to bankruptcy court; Delta Air Lines is threatening to file for bankruptcy protection; and Continental Airlines, one of the industry’s steadiest financial performers, is also struggling. Even Ame
Related Questions
- May 10, 2004 Question: As the consolidation moves ahead, realizing there will be many changes, possibly moving folks around, when will new positions be posted and recruited for?
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- Is More Consolidation Ahead for Troubled Airlines?
