December 30, 2004

The New York Times > Business > U.S. Acts to Take Over Faltering Pilots' Pension Plan at United

One more sad chapter in a tragic downward spiral for United and its employees. We must keep in mind that some, but not all, of the woes that have come to the big airlines are caused by the terrorist attacks of 9/11. These large airlines have been inefficient since before the days of deregulation and the external influences, including effective competition, have slowly eroded their financial viability in the current environment.

The expenses of big airlines, especially employee expenses, are far too high for the environment in which they operate.

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