Teej13 From Canada, joined Feb 2001, 486 posts, RR: 0 Posted (13 years 4 months 6 days 4 hours ago) and read 1882 times:
If Air Canada had left well enough alone, and not bought out Canadian Airlines, do you think they'd be in the financial trouble they're in now? Nobody can deny the economic impact of 9/11, but what about the fact that AC was hurting before then? Did they spread themselves too thinly and become vulnerable to any type of economic downturn?
Yyz717 From Canada, joined Sep 2001, 16375 posts, RR: 56
Reply 1, posted (13 years 4 months 6 days 4 hours ago) and read 1862 times:
They would probably still be in financial trouble. Canada, like most of the western world, has come ended about a 9-year economic growth phase. AC should be in a strong financial position..instead they have a huge debt load and are facing possible bankruptcy. They should get rid of Milton.
Panam, TWA, Ansett, Eastern.......AC next? Might be good for Canada.
Teej13 From Canada, joined Feb 2001, 486 posts, RR: 0
Reply 2, posted (13 years 4 months 6 days 4 hours ago) and read 1855 times:
You're right. Milton should go. AC is now ill-equipped to deal with an economic downturn. Look at Singapore Airlines.. they're hurting like the rest of the industry, but they're got a solid foundation.
AC183 From Canada, joined Jul 1999, 1532 posts, RR: 2
Reply 3, posted (13 years 4 months 6 days 3 hours ago) and read 1852 times:
I think the industry would have been better off had CP been allowed to die (ie- the debt disappeared) and it's competitors hired on as many of the staff and take on it's aircraft, or possibly the company even having been restarted without so much debt. The catch is, as I've said before, that politically this was not allowable. Essentially AC was given two choices: take over CP, or else... the alternative was never voiced, but the government basically said "you won't like the alternative."
Fallingeese From Canada, joined Apr 2001, 2097 posts, RR: 17
Reply 5, posted (13 years 4 months 4 days 18 hours ago) and read 1810 times:
Yes and No...
If they hadn't bought Canadian they still would find themselves in trouble at this point in time, though not as severe. Since they did they benifitted by gaining some more useful slots and profitable flights.