CRT Capital Group says airlines made business model changes out of necessity

CRT Capital Group MD and co-head of research Mike Derchin, speaking at the CAPA Americas Aviation Summit, said (27-Apr-2015) the airline industry lacked discipline in capacity growth prior to the financial crisis of 2008/09 as aircraft were "too easy" to finance. Mr Derchin said analysts and investors are now more positive after airlines made business model changes out of necessity.