US Airways CEO shares bleak vision for future of air travel

07/21/2008 | Philadelphia Inquirer, The

US Airways CEO Doug Parker acknowledged the coming year will be difficult for the Philadelphia-based airline, with fuel costs alone eating up an average of $299 per passenger. If fuel costs stay at the same level, he predicts flights will soon run $650-$700 per ticket, and airlines will fly only to major cities. As for the future of US Airways, Parker says: "If there are other airlines whose strategies are based on US Airways going away, they'd better find a different strategy. We are going to be fine, and we are going to get through this. We can compete as well as anyone."

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Philadelphia Inquirer, The

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