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:: The airline industry is undergoing a major realignment as the larger higher cost airlines become non-competitive in markets serviced by the low cost, no frill, low fare airlines. With the added cost of fuel, many major airlines, especially those with fixed legacy costs including expensive and rigid labor contracts and long term employee pension programs find they have little control over rising costs and declining margins, and are losing revenues to the lower cost carriers. The ability to service the Caribbean and Central American region, including flights to and from the United States with a Panamanian Flag will ensure that a competitive market position can be established and maintained. |