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EX AIRLINE BOSS WARNS CARRIERS ON FINANCIAL COMPLACENCY.
CANBERRA, Nov 1 Asia Pulse - Former airline chief Sir Rod Eddington has warned leading airlines not to be financially complacent.
"The (aviation) industry has been cash flow negative ... since the Wright Brothers," Sir Rod told an aviation conference in Canberra Wednesday evening.
He raised the failure of the once massive TWA and PanAM airlines as proof no airline was safe from bankruptcy.
"No one is guaranteed survival," Sir Rod said.
"The carriers that succeed will be the carriers that adapt the most successfully."
Sir Rod, a former head of Cathay Pacific, Ansett and ...
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Source: HighBeam Research, EX AIRLINE BOSS WARNS CARRIERS ON FINANCIAL COMPLACENCY.