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June 12, 2008

We Realize You have a Choice of Bankrupt Airlines

This quote caught my attention today on the ever-illiquid airline industry:

Nine small airlines have gone into bankruptcy or stopped operating in the last six months, crushed by the doubling of fuel prices in the last year, but so far very little capacity has actually been taken out of the market.

Four of the major U.S. carriers have been through bankruptcy in the past five years ...

Reminds me of something a pilot on a flight I was on once said while landing: We realize you have a choice of bankrupt airlines, so we're glad you chose ours.

[via Reuters]

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