The cash-cow strategy is a losing proposition
Tony Tyler, the International Air Transport Association's chief executive, said recently that “too often governments see aviation as a luxury and milk it as a cash cow.” Giovanni Bisignani, Tyler's provocative predecessor, has also in the past several years repeatedly accused governments of implementing a narrow-minded cash-cow policy toward airlines. Although the airline industry gradually evolved into a form of mass transport and now carries more than 3 billion passengers per year, ...
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