“At times it feels as though the airline industry has been pushed over a cliff”

herbstRobert Herbst runs the Web site AirlineFinancials.com, which has provided some of the more memorable and controversial airline analysis for this site and many other media outlets. Herbst is a pilot for a major American airline — I agreed not to mention it in this interview, but his employer has been disclosed elsewhere — and has been crunching airline numbers for many years. He flies Boeing 767 and 757 aircraft in the United States, where you’re likely to find him on southern routes during the winter months.
Read more ““At times it feels as though the airline industry has been pushed over a cliff””

US Airways, United are closest to the bankruptcy cliff

current_cash_ratios_q1_2009

It’s no secret that the airline industry has seen better days. But how bad is it this time?

Not as bad as the mainstream media would like us to believe, according to airline analyst Robert Herbst, who publishes the Web site Airlinefinancials.com. And not so good that we shouldn’t be cautious with future bookings, he adds.

In the above chart, you’ll see a few first-quarter numbers for the major airlines as they compare to pre-bankruptcy. None of the airlines are in serious danger of coming close to the dreaded red bar.
Read more “US Airways, United are closest to the bankruptcy cliff”