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Article: Airline industry's old business ways just won't fly anymore.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 29, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Tom Belden, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Aug. 29--Two decades ago, and just five years into an experiment called airline deregulation, pundits were using the word oligopoly to describe what they saw happening.
Within a few years, the observers opined, the industry would be OPEC-like, controlled by as few as three huge global airlines.
Hanging around the edges would be a few smaller carriers, feeding passengers to the big guys or occupying niches that didn't attract the heavyweights.
Oh, how cloudy those crystal balls were. Evolution has indeed taken place, as it inevitably does in business, but ...