By Douglas C. Waller
A query of Loyalty plunges into the seven-week Washington trial of Gen. William "Billy" Mitchell, the hero of the U.S. military Air carrier in the course of global struggle I and the guy who proved in 1921 that planes may perhaps sink a battleship. In 1925 Mitchell used to be annoyed through the sluggish velocity of aviation improvement, and he sparked a political firestorm, accusing the military and military excessive instructions -- and by way of inference the president -- of treason and legal negligence within the method they carried out nationwide protection. He was once wear trial for insubordination in a wonderful court-martial that grew to become a countrywide obsession in the course of the Roaring Twenties.
Uncovering a trove of latest letters, diaries, and personal files, Douglas Waller captures the drama of the trial and builds a wealthy and revealing biography of Mitchell.
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Extra resources for A Question of Loyalty
Such rapid expansion has inevitably led to suggestions that the Asia-Pacific market will experience the problems previously found in the United States and Europe, with increased competition and excess capacity resulting in financial losses among the LCCs, as well as the legacy carriers, and eventually leading to LCC consolidation. It has also raised questions about the ability of airport infrastructure to handle such rapidly increasing demand. Globally, LCCs now account for 24 percent of the market in terms of passengers carried (16 percent in terms of revenue passenger miles, or RPM), according to Flightglobal, compared with 69 percent for “mainline” airlines, 5 percent for regional carriers, and 2 percent for leisure carriers.
1 Global airline industry profits Sources: International Air Transport Association (IATA); International Civil Aviation Organization (ICAO). 1 Common-size income statement comparison between US LCCs and legacy carriers, 2008–12 Source: Compiled by the authors using Back Aviation Form 41. 1 displays, LCCs have outperformed legacy carriers in terms of operating and profit margins, partly as a result of lower overhead costs. These, combined with reduced costs resulting from simpler and more efficient operations, have resulted in LCCs placing tremendous pressure on the legacy carriers, whose cost structures have been heavily weighted with the inflated costs from the regulated era.
The LCC share increased from 10 percent to 24 percent between 2002 and 2012. With the pressure on in our cost structure due to energy prices, the importance of the work for which these groups are responsible has soared. Southwest must develop a new long-term financial plan as we reengineer our company to combat higher fuel prices. (Laura Wright, CFO, Southwest Airlines, quoted in Southwest, 2008) Most airlines operate in a highly competitive environment, yet they remain tightly regulated. Obviously, safety regulation is critical and few would challenge its necessity.
A Question of Loyalty by Douglas C. Waller