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Prior to September 11th, 2001 the business climate for the airline industry in the US was relatively healthy and optimistic. The discount airlines were thought to pose no eminent threat to the major carriers, but when those major carriers failed to account for unforeseen factors and underestimated the competition, the market began to look similar to the days when the US automakers failed to foresee the imminent threat the Japanese products represented. Events like September 11th created a change that left legacy companies like Delta airlines unable to compete. After September 11th, Delta initially had a stronger financial performance than most of its big carriers because of its less-unionized work force and more flexible operations...
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