Before today, of the 166 airline bankruptcy filings since 1978, only two passenger carriers have successfully restructured and exited as viable businesses. That will soon change to three.
Without a coherent U.S. aviation policy that reverses the bias against airline size and removes the barriers that prevent us from constructive consolidation, U.S. carriers will be unable to compete on a global scale and we risk being marginalized,
Today, we have the business platform we need to compete with the strongest carriers and a clear strategy of offering the right service to the right customer at the right price.