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Article: UNITED'S RIVALS HOPE TO SEIZE ADVANTAGE AIRLINES SEE CHANCE TO BOOST POSITION IN DIFFICULT TIMES.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- December 7, 2002
- Author:
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Byline: David Kesmodel and Steve Caulk
ROCKY MOUNTAIN NEWS
News wire services contributed to this report.
United Airlines' foes are champing at the bit to capitalize on a bankruptcy by the world's second-largest carrier.
They could sure use the help.
The industry is grappling with the worst downturn in its history. Only low-fare rivals such as Southwest Airlines Co. and Jet Blue Airways Corp. are consistently turning profits.
Analysts expect the industry's cumulative 2002 loss to exceed $8 billion, up from $7.7 billion in 2001, when cash aid from the U.S. government compensated airlines for the three-day shutdown of ...