Random Quotes
I read this in The Dallas Morning News the other day. [Link to article]
From Herb Kelleher (Southwest Airlines):
Mr. Kelleher “knows a thing or two about the Wright amendment,” said Ed Stewart, a spokesman for Southwest, which wants to fly around the country from Love Field, its home airport. “Half the battle is just letting people know how ridiculous this law is.”
From American Airlines:
American spokesman Tim Wagner said his boss also “looks forward to testifying for the committee on the history and impact of the Wright amendment, on not just aviation in the North Texas region but also the United States and the world.”
Which sounds better? “[Knowing] how ridiculous the law is” or “[looking] forward to testifying for the committee on the history and impact…[bla bla bla]“.
You have to know you’re fighting a losing battle when you resort to political speech that circles about itself!
Quote Two:
From Jim Hamilton, a Professor at Southwestern Baptist Theological Seminary [Link to article]:
1. Doctrinal Indifference: Many evangelicals seem to think that theology and careful Bible study are just not very relevant. This is frightening, because in essence this is to say that knowing God and understanding what he has revealed is not helpful for life in the world he created. Evangelicals would never put it this way, but it is implicit in the suggestion that something other than theology and Bible study are central for ministry.
Wow! I don’t know if churches think about it his way when ministry events/activities are planned.
I’m also curious to hear the flip side of the argument as well, that being why a highly profitable airline like Southwest refuses to move to DFW and compete there. I hope their reasons have more to do with the community good then simply their own profits.
Rick,
Not sure where you studied economics, but corporations are in business to make money, and that’s the heart of the capitalist system.
How would you feel if you were the owner of Southwest Airlines and were told that you should abandon hundreds of millions in fixed assets at Love Field and move to DFW (throwing thousands out of work in the process), just because American Airlines and its political allies say so?
If American Airlines thinks its in the community good for Southwest to move to DFW, then it should be willing to compensate Southwest to take such action.
Todd,
See the way I see it, the Wright Amendment went into effect in 1979, so Southwest was fully aware of the limitations when they chose to invest those assets. They shouldn’t have invested so many assets at an airport with restrictions when they didn’t have too.
As for compensating Southwest to move to DFW for the community good, they ARE offering a compensation package which I’ve heard is worth around $20 million.
$20 million is nothing in terms of what Southwest makes every year. I think their yearly tax bill to the City of Dallas is somewhere in that range.
And about investing at Love Field–it’s a good point, and one I’m not sure what the answer is. But I think it’s a moot point now because it’s only a tangential–it’s not the main issue at hand.