Friday, December 31, 2004

Why are we bailing out airlines?

Aloha Airlines filed for Chapter 11 bankruptcy protection protection.

Hawaiian Airlines is also in bankruptcy.

I have flown Hawaiian four times to the mainland in the last three months. Everytime the plane has been 'full'. Standby passengers hoping to be able to get on.

They are just not good at doing business. Tourism is 30% higher than ever before in Hawaii. You can't get a hotel room in Waikiki. The people aren't swimming here from the mainland and Asia.

Out with old & in with the new.

-M

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