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As we discuss the airline industry, maybe there's another issue here we haven't
discussed. Yes, the airline industry is important, but I don't think that's the
people carrying component. What I think is more important is the cargo carrying
capacity, which I think is a separate issue that we aren't hearing anything
about. If that component is diminished, food perishable foods and all sorts of
other cargo will be impacted. But then again, that's mainly imports that maybe
we can live without, and by doing so it will increase our balance of trade. Hey,
this is like discussing the equity markets, there's always a fly in the ointment
that can cause anything to happen.
Ralph
Dorothy Carter wrote:
> Dan: There are two issues here when you say the economics of the airlines
> stink I assume you mean their ability to be profitable... That is a separate
> topic for discussion vs the importance of the airline industry to the U.S.
> economy............ Both have been touched in posts..
> ----- Original Message -----
> From: <thegonch@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, September 25, 2001 9:41 AM
> Subject: Re: [RT] S & P MMS sees larger U.S. growth drop in Q4 & Q1
>
> > Dorothy
> >
> > Although you have been 100% right about the extent to which Congress and
> > the administration has been willing to bailout the airline industry,
> > that doesn't prove that this is so important that it must be saved. It
> > looks a lot to me like the steel industry heading into the 70s, when it
> > took mass bankrupcies to force the kind of radical restructuring that
> > the industry needed.
> >
> > I expect more marginal airlines to go out of business, and some
> > consolidation to occur, especially thru allowing foreign airlines to
> > increase their presence in the US. For example, let's kill the Bermuda
> > accord which foolishly restricts flights in and out of Heathrow.
> >
> > The govt support doesn't really change the economics of the airlines,
> > which stinks.
> >
> > Regards
> > DanG
> >
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