U.S. Airlines: Weak Financial Structure Threatens Competition

Abstract

We appreciate this opportunity to testify on the financial condition of the airline industry and its effects on competition. The deterioration of the industry's financial health over the past several years has raised concerns that, as carriers are forced out of the industry due to bankruptcy, competition will decline and prices will rise. This could undermine the gains achieved for airline passengers since deregulation. The analysis we are presenting today is based on out recent assessment of the financial condition of the airline industry and on the work we have done over the past three years, much of which has been reported to you in a series of reports and testimonies, on competition in the airline industry.

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Document Details

Document Type
Technical Report
Publication Date
Feb 06, 1991
Accession Number
ADA269732

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Acquisition
  • Agreements
  • Aircrafts
  • Commerce
  • Congress
  • Federal Budgets
  • Governments
  • Investments
  • Jet Engine Fuels
  • Law
  • Marketing
  • Money
  • National Governments
  • New York
  • Transportation
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Economics