This was an article, not the presentation prepared by the Boyd group. Delta bankruptcy had nothing to do with the projection of record profits for the airlines.
Another article for the AMFA crystal ball gazers to scoff at, even though it was written just prior to our 1995 Negotiations and included and another negative forecast by Mr. Boyd.
Airline industry in dire straits as majors risk collapse
Airlines in bankrupty
Aloha -- Dec. 2004
ATA -- Oct. 2004
US Airways* -- Sept. 2004
Hawaiian -- March 2003
United -- Dec. 2002
* second time
What happens if a major U.S. airline dies? Or two or three? At the moment, a multicarrier collapse seems unlikely -- but, then again, so did oil prices per barrel remaining in the high $40s or an airline losing $2.2 billion in a quarter or $5.2 billion in a year, as Delta just reported.
Most industry analysts think United has too much value and investor interest to die -- assuming it cuts pension costs by terminating its defined-benefit plans -- and US Airways received a new lease on life through at least June, thanks to the federal Air Transportation Stabilization Board.
Airline industry in dire straits as majors risk collapse
Airlines in bankruptcy
Aloha -- Dec. 2004
ATA -- Oct. 2004
US Airways* -- Sept. 2004
Hawaiian -- March 2003
United -- Dec. 2002
* second time
What happens if a major U.S. airline dies? Or two or three? At the moment, a multicarrier collapse seems unlikely -- but, then again, so did oil prices per barrel remaining in the high
Most industry analysts think United has too much value and investor interest to die -- assuming it cuts pension costs by terminating its defined-benefit plans -- and US Airways received a new lease on life through at least June, thanks to the federal Air Transportation Stabilization Board.
Nonetheless, rarely if ever has the industry seen so many U.S. airlines in such dire straits. Five carriers are in Chapter 11 and others are losing hundreds of millions of dollars per year. Many are shaky enough that they may be one labor strike, economic downturn, major oil-price spike or terrorist act away from financial collapse. Their margin of error is slim.
It is precarious, and something could snap, said aviation consultant Michael Boyd, who considers a multicarrier liquidation highly unlikely, but possible. Boyd is president of the Boyd Group in Evergreen, Col., a consulting firm that just completed an analysis of the likely impact of a US Airways failure.
Boyd didn't sound as optimistic about the short term 94/95 profit picture as some of you AMFA fortune remember it. But then , you know things nobody else does. If you don't know it, you'll invent it.
Give it up Realityfossil, you don't even understand what you're posting. You should be playing Bingo at an assisted living complex.