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Few Survivors Predicted: Why Most Airlines Are Caught in a Tailspin
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******************************** Few Survivors Predicted: Why Most Airlines Are Caught in a Tailspin http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1124 Delta Airlines cuts fares in a price war that Merrill Lynch estimates will sap $2.5 billion in revenues from the six largest airlines. US Airways and United file for bankruptcy, and almost every other airline --Southwest is one of the exceptions -- reports significant losses. The cost of oil remains stubbornly high, adding significantly to cost pressures. The question is: How do you fix an industry littered with walking zombies? One answer, say Wharton faculty, is to let some of the sickest carriers die -- and stay dead.
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