Originally Posted by
wahoonc
That is going to go away very quickly...Econ 101, you can't stay in business very long it your product or service costs you more to produce than you receive for it...probably part of the reason multiple airlines have closed up shop in the last few months, and I am sure there will be more to follow.
Aaron
The airlines that remain are reducing capacity as well - mainly by retiring the older (and less fuel efficient) jets. I gather they don't plan to try and replace them - they are scaling back.
http://www.bizjournals.com/seattle/s...2/daily18.html
In the face of record prices for airplane fuel, United Airlines said it will jettison all of its Boeing 737s and six 747 airplanes.
United (NASDAQ: UAL), the fourth-largest carrier at Seattle-Tacoma International Airport in 2007, carrying more than 7 percent of all the airport's traffic, also said it plans a 17 percent cut in domestic capacity and is jettisoning its low-cost Ted carrier as well.
United said it expects to retire all 94 of its Boeing Co. (NYSE: BA) 737 planes, which are built in Renton, and six 747s, which are built in Everett.