Monthly Archives

Monthly Archives for September 2002.

National Airlines will emerge from

National Airlines will emerge from Chapter 11 bankruptcy. The Las Vegas-based carrier has managed to find $112 million in new financing. Kudos to them! However, their CEO made a rather bizarre statement about the role of private dollars: “This financial package displays the support the private sector has shown for our business plan and their recognition of the evolution of the airline industry toward efficient, low-fare carriers. Unfortunately, the Air Transportation Stabilization Board (ATSB) failed to recognize this dynamic change in the industry when they rejected National’s loan guarantee application.” Let’s see — they got the dollars they needed from the private sector — so why should the government have given them guaranteed loans? On the other hand, one statement from the National CEO does ring true: “The ATSB has sent a clear signal that…

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Six Things to Know Before

Six Things to Know Before Buying That Cheap Air Ticket: missing your flight will cost you, airlines are cutting back flights, taxes make your ticket more expensive, previously discounted travelers may pay more, and your ticket will be electronic. Here’s what I found shocking: According to the Air Transport Association, $51 of the cost of a $200 ticket now goes toward taxes, up from $29 five years ago.

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