Turbulence Ahead for Airline Unions and High-Paying Jobs
“Deregulation will be the greatest thing to happen to the airlines since the jet engine.”
—Richard Ferris, former CEO United Airlines, 1976
Since the advent of air travel, airlines have regularly fallen apart and been put back together by government and the courts. Whether through mergers and acquisitions or bankruptcies, the industry regularly reconfigures and reinvents itself. Here are some of the more noteworthy bankruptcies in the U.S. in recent years: Frontier (2008); ATA (2008); Delta (2005); Northwest (2005); US Airways for the second time (2004); United (2002); US Airways (2002); ...
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