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Ralph... in my reply back to you I noted that there was rumors that the
cargo component maybe lost by airlines and that this source of revenue might
move over to cargo carriers ie FED EX UPS AIRBORNE as these carriers are
not viewed as targets by terrorists... Some would tell you that cargp is
the bread and butter profit for the airlines and that the people on board
are the frosting... Have you ever noticed that when airlines are doing
weight and balance tests prior to take off.. it is a person that gets off
with a free ticket ... they don't go down and take off cargo........ It's a
complex situation and truely moving cargo and people are both important to
our economy
----- Original Message -----
From: "Ralph Volpe" <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 25, 2001 11:06 AM
Subject: Re: [RT] S & P MMS sees larger U.S. growth drop in Q4 & Q1
> 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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>
>
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