ITYT Travel Forums  

Go Back   ITYT Travel Forums > General Travel Topics > General Travel > News
Click Here to Login

Thread Tools Search this Thread
Old 05-23-2002, 02:30 PM   #1
Senior Member
ITYT Captain
Join Date: Sep 2001
Location: IAH/HOU
Posts: 2,354
CAL President: Consolidation not the anwer for air industry

Continental Air President: Consolidation Not Answer For Industry

PHOENIX -(Dow Jones)- Consolidation is not the cure for what ails the country's airline industry, the president of Continental Airlines Inc. said Wednesday at the International Aviation Symposium here.

"I don't think consolidation is the answer. We haven't seen consolidation bring good results (in the past)," said Continental's Larry Kellner.

Harvard Law School Professor and former airline executive Michael Levine agreed consolidation isn't the panacea that some others in the industry seem to believe it is.

"Those dreaming about it are dreaming about an easier life than they're going to be facing," said Levine, who worked as executive vice president at Continental and Northwest Airlines (NasdaqNM: NWAC - News) Corp. and was president and chief executive of New York Air. He recently retired from Northwest.

"Airline consolidation is rarely a successful way to reduce capacity and costs," he said.
dbaker is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -5. The time now is 10:49 PM.

Content Relevant URLs by vBSEO 3.6.0