- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
- Grass-Whopper: Pan-fried cricket burgers go over big in New York City
Middle East is new global travel crossroads
Question of the Day
Emirates got $10 million in startup cash from the government in 1985. The airline’s president, Tim Clark, says his airline has had no assistance since and benefits from economies of scale. The airline reported a net profit of $628 million in its most recent fiscal year.
“People keep saying we’re cheats,” he says. “What they can’t understand is that something could be as good and profitable as it has been without subsidies. You know why? Because they’ve all had subsidies themselves and they still can’t make it.”
Mr. Clark says the U.S. government subsidizes airlines by allowing them to wipe out debt in bankruptcy court. All three of the largest U.S. airlines — American, Delta and United — have used the courts in the past decade to restructure.
European airlines stand to lose the most business because of their geography, but that doesn’t mean that U.S. carriers aren’t watching closely.
The three Gulf airlines already fly to Chicago, Dallas, Houston, Los Angles, New York, San Francisco, Seattle and Washington and are adding flights at breakneck pace. The airlines aren’t just dipping their toes into these markets; they are diving in, in some cases with giant double-deck Airbus A380s that can seat 489 passengers.
“I think they are a clear threat, much more so to our European and Asian colleagues, but nonetheless a threat to U.S. airlines as well,” Jeff Smisek, CEO of United Continental Holdings Inc., said at an investor conference last March. “They have a very good product. And they have the total and absolute support of their governments.”
The airlines are not household names yet, but they will be soon, analysts say.
- Spike in battlefield deaths linked to restrictive rules of engagement
- 'Hunger Games' delivers Obama's message on income inequality
- Activists urge Obama to go rogue, sidestep Congress
- Colorado judge: Bakery owner discriminated against gay couple
- Bill OReilly reminds: Nelson Mandela was a communist
- Kill team: Obama war chiefs widen drone death zones
- Obamas call to close Vatican embassy is 'slap in the face' to Roman Catholics
- PRUDEN: British press horrified as London's new mayor dares to proclaim the truth
- Hola: Boehner prepares to push amnesty bill through House
- KUHNER: Who betrayed Navy SEAL Team 6?
Independent voices from the The Washington Times Communities
The Constitution: Every issue, every time. No exceptions, no excuses. And how to get from here to there.
Why can’t humans just be free to be humans?
Get in the middle of all the action inside and outside the boxing ring.
Find the latest news and happening that effect those in the Washington D.C., Northern Virginia and Maryland Metro region.
White House pets gone wild!