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Author:Labich, K.
Title:How airlines will look in the 1990s
Journal:Fortune
1990 : JAN 1, VOL. 121:1, p. 38-40
Index terms:AIR TRANSPORT
AIRLINES
USA
Language:eng
Abstract:Review of takeover battles among the US airlines, and its impact on passengers. Role of leveraged buyouts /LBOs/. Moves to give Department of Transportation veto power over change of ownership. The cost-sensitive marketplace. Takeover bids. The 5 major US airlines and their financial situation. Debt and LBOs. TWA and Texas Air financial packages. Labour unions. Competition and lower air fares. Share of the market. Creditors. Shadow over smaller airlines. Sales of stock to foreign airlines. Rapid traffic growth and overcrowded airports. Likelihood of fare increases and demand for better service.
SCIMA record nr: 74252
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