April 08, 2003
Profits Up In The Air
What is wrong with this picture?
The US government recently gave $15 billion (that's BILLION) of tax-payer money to support extremely unprofitable airlines. Here is the 3-year history of American Airlines' stock price:
Meanwhile the notorious Russian airline, Aeroflot, is rising like a phoenix from the ashes of the Soviet system. It's not only profitable ($73M in the black compared to American Airlines' $2.5B in the red), it has earned an enviable safety record, and is launching a savvy campaign to compete head-to-head with the first-world's airlines.
Posted by Xander at April 8, 2003 08:58 AM | TrackBackComments
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