FlyerTalk Forums - View Single Post - Speculation: New American AAdvantage FF Program Features (Discussion)
Old Jul 27, 14, 9:51 pm
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Originally Posted by eponymous_coward View Post

Well, bankruptcy and the tremendous amount of capital destruction in the airline industry through Kilkenny cats-style competition has a bit to do with "being reduced to several large providers". I don't think that a business model that's predicated on every so often demoralizing employees through pay cuts, pension cuts, broken contracts is particularly one that's worthy of celebrating as the ideal of competition.
Excellent point that seems to be lost on a lot of people. When the FF programs were the most generous-- even to the $200 transcon ticket FFer-- the airlines were bleeding cash to the point where most had to eventually file for BK protection.
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