“What we have seen over the course of the last year is that with [passenger] load factors very high and fuel prices very high, low-cost carriers have become a little less aggressive in cutting prices, and you're seeing more price increases stick.”
“Other airlines have found they've grown faster than they could successfully manage. When you add that much capacity, you have a lot of risk during market downturns. You can't stop paying bills for new airplanes just because passengers don't show up.”
“That's how you hone your competitive survival skills. You don't do it by getting all kinds of protection. That's a feather in their cap to be able to do this in a market that's as open as Dubai.”
