The Surest Route To More Competitive Skies
The great Mae West, who declined to fly, used to say, "I don't like airplanes. They fall down." It turns out that airlines fall down, too. Eastern, Continental, and Pan Am are in bankruptcy. TWA is scrambling to escape a similar fate. The U. S. airline industry is in deep trouble. It staggered through 1990, posting a record $1.5 billion loss, and the prospects for 1991 are equally bleak. Of the nine major domestic airlines, only American, United, Delta, Northwest, and USAir are healthy.
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