The battle for survival
13 September 2012
War in the Gulf threatens to drive suppliers of travel services out of business and prolong the industry’s woes. Amon Cohen reports
Consider these remarks from Gordon Bethune, chief executive of Continental Airlines. Announcing in January that Continental had lost $451 million in 2002, he said: “In spite of these extraordinarily difficult times, we again demonstrate that not all airlines are alike… we continue to outperform our competitors in almost every measure.” Outperform? When a chief...