Dividends & Interest
For Lack of Leadership, Airlines Are Flying Blind
Craig Chappelow
Add airline CEO to the list of jobs I don't want. In September, US Airways filed for bankruptcy. I heard this on the radio as I was driving my truck home from the grocery store—on a Sunday. I can't even cash a check on a Sunday! Do the bankruptcy courts have special weekend hours? How does that work?
Even though US Airways successfully emerged from a previous trip through bankruptcy, this time it could be forced to shut down. How much hope can any airline CEO have of saving the company? From my outsider's perspective, it seems like so much is beyond the influence of any single person—wage fights with entrenched labor unions, the skyrocketing cost of fuel, ...
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