Too many seats
Sprucegoose,
Why is it in such a volatile market that the smaller carriers seem much more able to ride out the storm better than bigger one's? WestJet and Alaskan come to mind. Would you say that having the best managers on your team still wont help you against the volatility that is the American Aviation industry? Is it just pure luck?
I would have thought the smaller guys would be the first to go but United, AA and Pan Am all seemed to die first. I'm told Pan Am failed in the middle of Boom. Please correct me if that isn't the case.