Airline industry data: A lean story? (source: IATA Southwest Airlines Total Airline Profits (19702002) 20b Higher, Faster, Farther $15b Network Carriers Hub& Spoke Networl $10b Wide Body Planes $5b o $O b Better, Faster, Cheaper Low-Fare Carriers Point-to-Point Networks Market Capitalization -$10 b Narrow body planes 2002 -$15b -$20b 970197519801985199019952000200520102015 Mindsets History Applications Implementation Conclusion @Joel Cutcher-Gershenfeld, MIT Source: Ted Piepenbrock 2003, Engineering Systems Division Doctoral Seminar, Massachusetts Institute of Technology 3/5/04-10 L Data from the iataAirline industry data: A lean story? (source: IATA & Southwest Airlines) Total Airline Profits ) $0 b $20 b $10 b $5 b -$5 b $15 b -$20 b -$10 b -$15 b “Better, Faster, Cheaper” “Higher, Faster, Farther” Delta Market Capitalization 2002 (1970-2002 Low-Fare Carriers Point-to-Point Networks Narrow Body Planes Network Carriers Hub & Spoke Networks Wide Body Planes All Others American Southwest 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Mindsets History Applications Implementation Conclusion © Joel Cutcher-Gershenfeld, MIT Source: Ted Piepenbrock 2003, Engineering Systems Division Doctoral Seminar, Massachusetts Institute of Technology 3/5/04 -- 10 1. Data from the IATA