Financial Condition of the Airline Industry
The committee heard testimony on the economic status and stability of the U.S. airline industry. Committee member John Hammerschmidt… read more
The committee heard testimony on the economic status and stability of the U.S. airline industry. Committee member John Hammerschmidt stated that airline losses for 1990 amount to $2 billion, due to rising costs of fuel and labor and reduced traffic from fears of terrorism and the recession. Mr. Skinner discussed the current financial situation in the airline industry, and policy proposals to deal with the economic crisis facing the airline industry. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Jerome "Randy" Randolph Babbitt President Air Line Pilots Association, International
- Edward Beauvais Chairman and CEO America West Airlines
- Paul Dempsey Professor University of Denver->Law
- Daniel Kasper Director (Former) U.S. Civil Aeronautics Board->International Aviation
- Richard Mathias Senior Vice President Pan American World Airways
- Steven Morrison Professor Northeastern University->Economics
- Maurice Myers Chief Executive Officer Aloha Airlines
- Elliott Seiden Vice President Northwest Airlines
- John Sherry Representative International Assn. of Machinists and Aerospace Wkrs.
- Samuel K. Skinner Secretary (Former) Department of Transportation
- Raymond Vecci Chief Executive Officer Alaska Airlines, Inc.
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