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Airline Biz Crisis: Not Difficult To Predict
In the mid-late 1990s, I saw in the local newspaper that some senior
Delta captains were being paid approximately up to $500,000 a year, and that the Delta Board of Directors pays the new CEO Leo Mullin millions (how many?) and the other top management gets pretty nice pay too, I perceived that with the de-regulated discounting of a ValueJet, Southwest, etal, that our Atlanta-based largest employer was actually skating on thin market insecure ice. And this was when Delta was supposedly considered solvent/profit-making, which I never believed since I'm old enough to recall Eastern and the others. Plus I did not enjoy/get them thar free/reduced passes & fares, and thus frankly felt... why should I patronize them. Obviously, price trumps, and the Walmart airlines thus have prevailed. We've actually "driven to Birmingham & Greenville" airports so as not to have to pay that couple of hundred bucks more. As it was predicted upon de-regulation circa late 1970s, things chaotically became...what they are, though I won't eliminate 9/11 & fuel prices as precipitating the decline of the greatly respected brand name. C'est la vie, c'est la morte. http://www.breitbart.com/news/2005/09/22/D8CPAVCG1.html |
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