SAGGING AIRLINE PROFITS PEGGED TO BARRIERS ON CONSOLIDATION

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Sagging Airline Profits Pegg To Barriers onward Consolidation Anticipated
$1.5 Billion toil Profitability Doesn't Measure Up

Apr 16 2001 (Airline Financial News/Phillips Publishing via COMTEX)
-- Airline profits are sliding internationally in large part because
of outdated bilateral treaty provisions and foreign ownership orders
that prevent industry consolidation, according to the director general
of the International Air Transport Association (IATA).

"These anachronisms are preventing a more efficient and consistently
profitable arrangement of parts to emerge," he ...