United certainly made a lot of cost reductions. But whether they really had a metamorphosis to compete without the help of a bankruptcy court remains to be seen.
If all you're doing is changing the financial structure of the company, you can count on one of two things: being back in Chapter 11 or being gone.
It could be a way to signal the market that things are getting serious. I'd like to think they'd done better planning in terms of cash flow and the airline's operations. This would be a relatively new and troubling development.
Either one or more of the carriers will fail. That will eliminate some capacity, and of course when supply goes down, price goes up,
Even as a large carrier, they've been able to continue that, which is truly impressive.
Sarasota's not the only one that's had that problem. It's very sensitive to a competing airport that's within a very easy drive.
There's a lot of pressure to reduce costs.
It's a very eclectic process. As much as it may seem to be true, airlines don't randomly select cities. They choose them very, very carefully.
Tampa is always going to be in the picture, unfortunately.
There's the famous Southwest toilet paper race. Passengers pass the roll as fast as they can from front to back without breaking it.
Airlines have a market-share mentality. Competition is a very powerful force. For some airlines, it might make sense to take a short-term loss to get a long-term gain.
The industry is in the process of a radical restructuring. It is the bleakest time.