Monday, August 04, 2008
Posted on 04 Aug 2008 at 15:13 UTC
The airline industry needs neoconsulting. Our latest research has revealed a 38% drop in traveler productivity, and the decrease bears an inverse geometric relationship to the per-barrel price of light sweet crude oil in inflation adjusted terms (£). Long story short, demand pressures have not been able to outstrip fuel-price-driven cost overruns in any of the major international carriers, leaving domestic bargain airlines to fall behind in all significant benchmarks. Price, services, and most notably on time performance have suffered drastically. Regional effects have been most severe in the great lakes region. Chicago has been hit the hardest. Our local affiliates will be agressively pursuing solutions but the time horizons may be eclipsed by general market upturns. UPDATE: The Tribune subsequently picked up on related research (see comment).