FlyerTalk Forums - View Single Post - Larry Kellner: “the business cycle is continuing to decline.”
Old Mar 22, 2009 | 3:29 pm
  #38  
pbarnette
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Originally Posted by Weatherboy
But with fuel hedges not delivering what they used to, and the economy a mess, I think Southwest can fairly be lumped with other US carriers as having very troubling times for the foreseeable future.
The issue with the legacies is that it is always something. Last year it was fuel costs. Before that it was labor costs. Now it is demand. They have been scraping by for so long that they have no cushion. That WN is suffering in this market does not indicate that the market is so broken that it requires government intervention any more than a loss at Target would mean that the government should better regulate the price of laundry detergent.
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