Jim Craun Quotations

People have known about the challenge of the low-cost carrier for at least a decade. The major airlines did not have an answer. Instead they went about raising fares on the routes where the low-cost competition didn't exist. That was a game that would have caught up with them sooner or later, with or without 9/11.

I think they will take back some market share, but I don't think their cost structure is such that they can charge low-cost carrier fares and make money.

I think we've entered a new phase. I don't think we've reached the saturation point yet. But while they will try to avoid each other, it'll be harder to do.

The fares are never going to go back up to where they were. The shrinking of networks will not allow them to raise fares back where they were. The low cost carriers will be the check on that.