LoneStarMike
Topic Author
Posts: 2802
Joined: Sat Jul 01, 2000 1:02 pm

5 Ways To Fix The Airlines

Fri Feb 14, 2003 8:30 pm

Interesting article from Fortune Magazine.

AIRLINES: Straighten up and fly right
The U.S. airline industry is broke.
Here are five ways to fix it.
02/03/2003

http://www.fortune.com/fortune/articles/0,15114,418469,00.html

I think every point made in this article is a valid one.

LoneStarMike

 
LoneStarMike
Topic Author
Posts: 2802
Joined: Sat Jul 01, 2000 1:02 pm

RE: 5 Ways To Fix The Airlines

Fri Feb 14, 2003 8:38 pm

OK, seems, like the software has changed yet again so let me try one more time to see if I can make the link clickable.

If that doesn't work, you'll just have to copy the URL in the post above.

LoneStarMike

 
Rick767
Posts: 2613
Joined: Sun Jan 30, 2000 8:11 pm

RE: 5 Ways To Fix The Airlines

Fri Feb 14, 2003 8:46 pm

"Escaping a death spiral isn't about genius or improvisation or luck. It's about knowing what to do and doing it. The five-step protocol that pilots learn begins with "chopping the power" and ends with pushing the throttle to provide a surge that levels the plane."

How I laughed  Laugh out loud  Laugh out loud

Didn't read the rest of the article as I couldn't possibly take it seriously after that comment.
I used to love the smell of Jet-A in the morning...
 
administrator
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RE: 5 Ways To Fix The Airlines

Fri Feb 14, 2003 8:51 pm

Working on the site from morning 'till night that's livin' alright (1997-2007)
 
CX Flyboy
Posts: 6039
Joined: Sun Dec 26, 1999 6:10 pm

RE: 5 Ways To Fix The Airlines

Sat Feb 15, 2003 9:58 am

Don't insurance companies have to guarantee that they have the means to cope with any payout, or have some sort of minimum cash reserves? This makes the industry reliable and the regulation ensures that companies who do not have the ability aren't out there to dissappoint. How about having a similar scheme for the airlines?
 
ConcordeBoy
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RE: 5 Ways To Fix The Airlines

Sat Feb 15, 2003 10:06 am

I agree whole-heartedly with all except #5.

While I really dont have a problem with opening the USA/Euro domestic skies to foreign carriers.... I do find it rather astonishing that these guys truly believe that foreign airlines will come into this market with their thrills 'n frills... and expect those things to continue for them there, at a profit. Not gonna happen folks; WN, B6, FL, and all their ilk would have a field day ripping those foreign carriers to shreds. End of story!
Faire du ciel le plus bel endroit de la terre c'est impossible sans Concorde!
 
AIR757200
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Joined: Mon Jul 17, 2000 8:30 am

RE: 5 Ways To Fix The Airlines

Sun Feb 16, 2003 12:11 am

Taxes are an issue! Of course, with all that revenue coming into the federal government, they are not likely to give it up. Taxation without representation.

 
J32driver
Posts: 385
Joined: Fri May 05, 2000 2:55 am

RE: 5 Ways To Fix The Airlines

Sun Feb 16, 2003 1:06 am

Not a bad article. I do take issue with the foreign carrier option though. How many of the foreign carriers get some form of government subsidy? My concern is that the nonsubsidized US carriers would have to compete with a subsidized foreign carrier.
 
Matt D
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Joined: Fri Nov 19, 1999 6:00 am

RE: 5 Ways To Fix The Airlines

Sun Feb 16, 2003 1:27 am

Another article written by some "think tank" (in other words, someone who talks a lot, but seldom ever actually does anything. You know that whole "book smart" versus "street smart" issue?

I mean if these people are so smart, why are they writing about airlines as opposed to running them?

I guess they can offer some suggestions. But its nothing to be taken as gospel.

And I'll be the first to admit that I don't know shit about shit vís-a-vís running an airline, which is why I never comment on such matters.
 
Toner
Posts: 247
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RE: 5 Ways To Fix The Airlines

Sun Feb 16, 2003 1:43 am

The way to fix the airlines is to go back to the reason they are in this fix, I.E., DeReg. This was Kennedy's idea. He has never had a sound one.

Go back to regulating the remaining few airlines while we still have some. Use the same guidelines that were in place before DeReg.

Next, we have to make the terminals more accesable. Do away with security. Go back to PAX parking their cars, and walking up to the counter of the airline of their choice.

Do this by assuming a neutral stance in foreign policy in the Mid East, instead of this ridiculous one-sided support of bloody Israel.

Over?
 
teahan
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RE: 5 Ways To Fix The Airlines

Sun Feb 16, 2003 1:52 am

Is that the first time in a long time our Administrator makes an aviation related post?  Big grin

How to fix the airlines? Well here in Europe, I trust that if other carriers followed Aer Lingus' strategy they might have some chance.

Jeremiah
Goodbye SR-LX MD-11 / 6th of March 1991 to the 31st of October 2004
 
737doctor
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RE: 5 Ways To Fix The Airlines

Sun Feb 16, 2003 2:01 am

Reregulation is not the answer; industry regulation does not benefit the consumer. Survival of the fittest, I say.

As for the article, the first three points are good. The fourth one is dubious at best; if that's such a great idea, why is Southwest not on board with baseball-style arbitration? The last suggestion makes little sense to me...
Patrick Bateman is my hero.
 
jhooper
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RE: 5 Ways To Fix The Airlines

Sun Feb 16, 2003 4:04 am

Wouldn't it be great to allow foreign carriers into the U.S.? First of all, it would increase competition over here. Secondly, U.S. arlines could enter foreign markets. In the end, this would probably be a good thing for U.S. carriers.
Last year 1,944 New Yorkers saw something and said something.
 
Guest

RE: 5 Ways To Fix The Airlines

Sun Feb 23, 2003 7:10 am

Just read the article myself. Regarding foreign carriers, why not? Who cares if the US airlines rip them to shreds ? (and that's not necessarily a given...there may be some surprises or lessons to be learned).

Of course, foreign carriers would theoretically have to play on a level playing field - they would be subject to the exact same regs as any other US carrier - that would include the subsidisation argument (i.e. there wouldn't be any...)

US carriers would be given the same opportunities in Europe - reciprocating the favour.

The only thing stopping such a move is fear of massive job fallouts from failures, consolidation and job shedding.

Isn't it already working with other industries i.e. don't BAA (British Airports Authority) own/run some airports ? I've even seen WHSmith's newsagents when passing through ORD - don't tell me they're not British!  Laugh out loud

 
Guest

RE: 5 Ways To Fix The Airlines

Sun Feb 23, 2003 7:11 am

......(I meant to say don't BAA already have a hand in running some US airports)