Airlines: bankruptcies, terrorism, and high oil prices have rocked the airline industry. Customers complain about bad service and long lines. Are airlines doomed? Not a chance. The global economy cannot function without air travel. But the industry that emerges from the coming shakeout will need a whole new set of wings.(THINK AGAIN)

From: Foreign Policy | Date: January 1, 2006| Author: Bisignani, Giovanni | Copyright information

"The Airline Industry Is Going to Collapse"

Never. Given the headlines of the past few years, it's not surprising that people think airlines are on the brink of disaster. Household names such as Canadian, Swissair, and TWA have disappeared. During the past five years, the industry has hemorrhaged more than $1 million an hour, racking up losses in excess of $43 billion. But total collapse is not on the horizon. More than 2 billion people fly each year, a number that grows...

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