That's a fascinating presentation. I'm sitting there while I read it... projecting 2004, 2005, 2006...
NW will return to profitability. Labor costs is an interesting dynamic.
How long can JetBlue remain the industry leader? Right now they have the benefit of being small & nimble. They don't serve many destinations and don't need the infrastructure that the larger airlines do.
The writing is on the wall for NW employees though. Pay cuts and/or benefit cuts are coming. That's tough to take.
Thanks for posting the link.
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doglover