BRIEFING: The Flight Stuff

Doug Parker, 42, became CEO of Arizona-based America West Airlines, the nation's eighth largest carrier, on Sept. 1, 2001, and has turned around what critics used to call "America Worst." He spoke to TIME's SALLY B. DONNELLY on the state of the airline industry:

TIME: It seems as if the industry is imploding. What's going on with the major airlines?

DOUG PARKER: Deregulation [begun in 1978] is finally sorting things out. There are far too many carriers flying far too many seats, based in part on labor contracts that are out of line with what customers are willing to pay. And...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!