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Hello Omega,
I've had several conversations with friends recently about why the
large airlines are so screwed up and going/gone bankrupt. But no one
has a really good explanation for why they are so bad and why they
have made not money in 15 years or so. Oil doubled--OK. interest
rates have generally been decreasing. Personnel costs--all businesses
have that. if your business was so dependent on fuel costs, wouldn't
you be the world's best at hedging; same goes for interest rates. Or
have contingency plans for something that is virtually inevitable--oil
price spikes, rate increases, recession?
It sure looks to me like just plain management incompetence.
Anybody have an informed opinion about this?
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
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