TRUMP’s $365M Dollar Airline that MISERABLY FAILED
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0:00 Welcome To Grounded
0:59 Back In The Late 80s
2:23 Enter Donald Trump
3:26 Upgrading
5:11 Pan Am vs Donald Trump
6:57 Flaws Revealed
8:54 Next Time
In the late 1980s, everyone wanted to own an airline. North America saw an explosion of carriers catering to all demographics and niches - and there was no more lucrative market than the northeastern shuttle routes of New York to Chicago and to Washington. In this game was Pan Am Shuttle, and Eastern Shuttle - shuttle services that were the most profitable parts of their respective airlines.
But bigger problems brewed at Eastern with the rise of low-cost carriers, like People Express Airlines, who cut deeply into its profits. Various pivots failed to make enough profit and facing massive wage cuts, pilots of eastern went on strike. The airline was forced to sell off routes and subsidiary carriers, like Eastern Airlines Shuttle.
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2 months ago 00:09:49 1
TRUMP’s $365M Dollar Airline that MISERABLY FAILED