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DON'T BURN OUR BRIDGES - The Case for Caribbean Carriers (Paperback)
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DON'T BURN OUR BRIDGES - The Case for Caribbean Carriers (Paperback)
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"Don't Burn our Bridges: The Case for Caribbean Carriers" argues
that a tourism-dependent region comprised largely of a group of
islands must, in its own best interest, retain ownership of key
aspects of its air access in spite of the costs and challenges
involved in so doing. Air transportation is the glue that cements
the tourism market to the destination, but it is also the aerial
bridge connecting the territories and peoples of a single market
and economy. Often regional airlines are forced to offer a mixture
of commercial and social routes, which makes profitability
difficult. The social service they provide is critical, however,
and public sector shareholders should not measure their return on
investment simply in terms of the bottom line. Holder rejects a
widely held view that Caribbean governments, should not support
their own carriers financially. Instead, he argues that because of
their overall contribution to development generally, the air
transportation industry should be counted among those companies in
the region which are too big (and important) to be allowed to fail.
"Don't Burn Our Bridges" documents the history of Caribbean
airlines and attempts to demystify the complexities of such
concepts as deregulation, yield management, hedging of oil prices,
fare setting, fuel surcharges and a la carte pricing, while making
the point that running successful airlines has defeated some of the
world's most brilliant business minds. Holder also explores the
impact of the global economic meltdown of 2008-2009 on air
transportation and Caribbean tourism, and proposes a way forward
for air transportation in the Caribbean community.
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