To earn its cost of capital over the 2000-2009 business cycle, the industry would have had to raise fares for the average seat by 11%. Consolidation was the only way to lower costs and fares.
Why airline consolidation lowered fares
Why airline consolidation lowered fares
Why airline consolidation lowered fares
To earn its cost of capital over the 2000-2009 business cycle, the industry would have had to raise fares for the average seat by 11%. Consolidation was the only way to lower costs and fares.