According to Speednews--
American, Continental, United, Northwest, Delta, US Airways, Mesa Air Group, National, America West & Air Tran are each announcing a minimum 20% decrease in flights and accelerated retirement of older aircraft types. Massive layoffs at each carrier.
Certainly not good news.
In addition...... "US President asked the Congress to develop a comprehensive assistance package for the US airline industry"..... (which is asking for an aid package totaling $24 billion).
Why should the tax-paying public be asked to contribute to the clearly overextended US airlines which have gone on a buying binge for shiny new aircraft and grossly overpaid pilots under newly negotiated union contracts? The stockholders should hold accountable the clearly inept managements of these airlines and show them the door with a firm kick with a size 12 boot.
In America, i'm afraid we have many "Swissairs".
