The Wall Street Journal reports that to return to something resembling profitability, the airlines have resorted to the last resort—doing the obvious. Namely: Stop doing dumb things. I.e.: Get rid of flights that lose money.
(The WSJ earlier reported that financial analyst Donald V Potter had examined ROA/return on assets leaders in 240 industries. The chief commonality: Profit/ROA stars "aggressively weeded out customers who generate low returns.")
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
What we're talking about
on the front page.