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Amidst the #JetAirwaysCrisis that we are in today, some timely wisdom from Herb Kelleher (co-founder at Southwest Airlines) on debt, profitability, market share, and running an airline.
Southwest Airlines has never had a loss for a full year since 1972 and never furloughed an employee when the rest of the industry up until now has probably furloughed about a million-and-a-half employees throughout the world.
"Basically we looked at history and said this is a very dicey business to be in. So we may be flamboyant from the marketing standpoint but we're going to be very conservative from the fiscal standpoint" - Herb Kelleher
