Air Transport World

A sizing problem.(Editorial)

In the early 1990s, the world in general and the airline industry in particular were pretty much caught unawares by the Gulf War recession, an event so pivotal to the industry that it probably warrants capital letters, as in the "Black Death."

Now, the immediate future is being eyed with a good deal of trepidation. The Asian crisis has everyone's economic sensors on full alert, scanning the event horizon for hints of further weakness. Should a new slump appear, plans will be ready--should be ready--to minimize the impact. We say that hopefully, bearing in mind the debacle of the previous experience that exposed an almost complete lack of contingency plans. In many respects, the industry is in much better shape to weather whatever storm might come, as Perry Flint reports in his article on page 22. …

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