Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Sep 16, 2004 Posts: 4902 Location: Southwest WI
Posted: Tue Apr 22, 2008 9:57 pm Post subject: Delta CEO: fares need to rise
Quote:
WASHINGTON - Domestic airlines need to raise fares by 15 percent to 20 percent just to break even at current fuel prices, the chief executive of Delta Air Lines, which seeks to acquire Northwest Airlines, said Tuesday.
"An airline ticket has got to reflect the full cost of fuel," Delta Air Lines Inc. CEO Richard Anderson told reporters, adding that such an increase was likely to depress demand and prompt carriers to further trim their flight schedules.
Cost-cutting measures "have largely been exhausted," Northwest Airlines Corp. CEO Doug Steenland said.
Joined: May 19, 2005 Posts: 812 Location: Merry Ol' USA
Posted: Tue Apr 22, 2008 10:07 pm Post subject: Re: Delta CEO: fares need to rise
Well I for one am glad I don't fly. So those fees won't have a huge effect on me, other than maybe some of my customers working for Delta. _________________ After fueling up their cars, Twyman says they bowed their heads and asked God for cheaper gas.There was no immediate answer, but he says other motorists joined in and the service station owner didn't run them off.
Posted: Wed Apr 23, 2008 6:53 am Post subject: Re: Delta CEO: fares need to rise
This morning's breaking news: "Delta reports losses of $6.4 billion during first quarter"!
Holy crud and corruption! If that's not a misprint, that's half their marketable value. Twice what they're paying for NWA. IN ONE QUARTER!
Now I'm starting to believe that the death of all the carriers (possibly a high-priced nationalized AmFly) will happen at a real sudden breaking point.
---
EDIT: The full story is up. They 'only' lost $250 million in the last quarter operating. The rest was marking down the value of the airline itsself. Still, 20% above expectations. _________________ At 1% annual growth, human bodies will incorporate every gram in the observable universe in approximately 10,170 years.
Joined: Sep 16, 2004 Posts: 4902 Location: Southwest WI
Posted: Wed Apr 23, 2008 8:08 am Post subject: Re: Delta CEO: fares need to rise
Wasn't that Southwest or Jetblue??? Not sure.
Vacations just became a whole lot more expensive.
Those cheap trips to Mexico every winter i think are done with!!! crap. I wanted to go this year and couldn't. _________________ Clothing should be optional.
Joined: Sep 16, 2004 Posts: 4902 Location: Southwest WI
Posted: Wed Apr 23, 2008 9:19 am Post subject: Re: Delta CEO: fares need to rise
Yup. A lot more local trips. I bet even the trips "up north" will be curtailed (Hayward, WI). Hauling a truck with a boat and gear a couple of 100 miles+food+time off+hotel is going to be too much for a lot of people.
I bet the river will be extra packed around here this summer (it was last summer).
[rant]This stupid ass country is so dumb for not investing in high speed rail. I watch the trains almost everyday and think of what might have been. Stupid oil war could have paid for a nice link between a couple of major cities. [/rant] _________________ Clothing should be optional.
Posted: Wed Apr 23, 2008 9:22 am Post subject: Re: Delta CEO: fares need to rise
frankthetank wrote:
[rant]This stupid ass country is so dumb for not investing in high speed rail. I watch the trains almost everyday and think of what might have been. Stupid oil war could have paid for a nice link between a couple of major cities. [/rant]
I hate to depress you even further, but $500 billion could have linked the entire country with high-speed rail, cities over 1 million population anyway.
_________________ "It's called the American Dream because you'd have to be asleep to believe it."
Posted: Wed Apr 23, 2008 9:27 am Post subject: Re: Delta CEO: fares need to rise
Casual, cheap air travel is over.
It should have ended when we realized how extremely damaging large-scale flying is to the planet, but being the savagely immoral and selfish beings that we are, only economic forces can end something like this--an enormously extravagant luxury we have come to see as an absolute necessity.
Imagine the reaction if the government had told the American consumer they could no longer fly because it is destroying the planet. People would have gone ape-sh*t with denial, outrage, and hysteria of various sorts. But if spiraling oil prices simply put all the carriers out of business, no ones says much of anything.
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