Business Services Industry
Airline Industry Expects Dire Situation If War Is Waged.
Knight Ridder/Tribune Business News, March, 2003
By Bill Hensel Jr., Houston Chronicle Knight Ridder/Tribune Business News
Mar. 12--Painting the bleakest picture of their future yet, the nation's air carriers warned Tuesday that without relief from the government, a war with Iraq could result in "wholesale airline bankruptcies."
The Air Transport Association predicted that a war would speed up the fallout from the already precarious situation the industry faces.
"Without government action, the outlook for the airline industry is bleak," said the group's president and chief executive officer, James May.
The airlines are hoping for relief from the taxes and fees assessed in recent years, including security fees the federal government implemented after the Sept. 11 attacks....
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