Are the Airlines Now Like the Railroads Were 50 Years Ago?
Commentary, July 1st, 2008
Editorial By Noel T. Braymer
The truth is the Airline Industry has never been profitable. While some airlines have made money some years, as a whole the industry loses money more often than it makes money. The recent spike in fuel costs has placed the Airline Industry into a tailspin. Several airlines have or are on the verge of going out of business. Almost all airlines are cutting back service, laying off employees and taking planes out of service. The result will be higher prices for travelers, fewer places people can fly too and more cites that will lose air service. The places that will be most affected will be the smaller cites that are losing the most air service and places dependent on vacation travel such as Orlando or Las Vegas.
