Author Archives: Gary C. Kelly

There are 1 articles by Gary C. Kelly published on this site.

The Shape of the Airline Industry

Forecasting the fate of the airline industry is chancy in the best of times, and these certainly aren’t the best of times.  The entire economy is obviously mired in uncertainty, which never bodes well for our airlines—or for travel agents.  The “aughts” have already been such a tough decade, but many are calling our current industry situation worse than the aftermath of 9/11.  We are in the midst of what experts are calling the worst recession in the last 50 to 75 years, and getting a loan at any interest rate is almost impossible right now.   This worldwide recession is causing cutbacks in business-travel spending, declining leisure travel, bankruptcies and layoffs, and the list goes on. Read the rest of this entry »