Continental Airlines’ former CEO, Larry Kellner, claims there are three issues within the US airline industry that, if dealt with, could add stability to the airline business (Wall Street Journal, 16-Feb-2010):
- Lack of internationally accepted environmental standards;
- Incomplete modernisation of US’ air-traffic control system;
- A slow process for negotiating airline labour contracts.
Continental Airlines: “The industry is safer and provides more service at lower cost, and yet it’s also much less stable than it used to be. That’s not good for communities, for shareholders or employees. [The remedy for airlines is to] work out internationally accepted environmental standards, modernize the nation’s air-traffic control system and devise a faster process for negotiating airline labour contracts. [Fixing] those three things would do wonders to add stability to the business”, Larry Kellner, Former Chairman and Chief Executive. Source: Wall Street Journal, 16-Feb-2010.