Originally Posted by
BearX220
...I too am floored by the preemptive vitriol aimed at this modest little experiment by FT's legacy defenders. I think a lot of people smell seismic structural change in the air, which will upend dinosaur brands that a lot of them invest big emotional stock in, and it scares 'em silly....
I'm not so sure these folks have much emotional stock in the legacies. It seems to me they are unhappy the their favorite legacy, and they fear that low-end competitors like Skybus will make things even worse.
Like you said, though, Virgin America (also JetBlue) shows that the industry is moving away from coach as a commodity. For the first time ever, really, we're seeing substantially different coach products for domestic flights. (Perhaps Midwest was/is genuinely different, but their service was pretty limited nationally.) This is great for consumers, who can pay more or less for their in-flight experience.
The criticism of Skybus's business model is particularly surprising to me. The legacies are barely making money in a very favorable market right now. When we hit a slowdown, they'll be bleeding the red ink as before.