Mon, Mar 01, 2004
Aero-News: Quote of the Day
Quote of the Day usually derives from current news, though we
reserve the right to pick quotes out of history that have a bearing
on the day's events and issues.
Sometimes, you'll find them timely and in keeping with the
content of the day's news... and sometimes, they'll just be
Reader suggestions and comments are welcome... and if
particularly intriguing, timely, or poignant, may themselves
become future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"When the inevitable forces of
consolidation kick in, it is equally important that we have a
competitive cost structure. Otherwise, we will be the awkward
teenager at the school dance, hoping someone will come talk to us,
but going home disappointed and lonely."
Source: US Airways CEO David Siegel, speaking
to a meeting of the Potomac Officer's Club in Washington (DC) last
week. Siegel, whose own airline recently emerged from Chapter 11
bankruptcy, predicts a wave of airline mergers to come -- one that
will leave only three or four major carriers standing. He predicts
a horde of low-cost carriers will compete for no-frills travel
along short-haul and shuttle routes and hints that he's positioning
his company to be in the best possible position when the takeovers
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