VincenzoUno

Will These Airlines Face Bankruptcy in 2009?

Since deregulation, the airlines have been unable to post profits due to excess capicity and excess top management pay. There should be a return to at least some government regulation. Fares, route structure, and capacity should be controlled. Wages for employees should be a living wage, not starvation wages as it is now for any junior staff.
Top executive pay should be capped based on performance. If the senior executives now in place don't agree with that I am sure there are plenty of new MBA's on the market who would love to make half or 40% of current top management salary.
There needs to be new blood at the top, less greed at the top, and more compassion for the workers and traveling public.