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Exact(11)
"With shrinking capacity in the global insurance market and hardening rates, current trading conditions look increasingly positive," Lloyd's said.
"We're just shrinking capacity, and as a result, parents are being closed out everywhere they turn," Ms. Holcomb said.
Demand for many types of paper there is declining, though mill closures and shrinking capacity buoy prices.
Virtually every airline executive admits that the industry's capacity is bloated now because of overexpansion in the 1990's, and that drastically shrinking capacity is vital to recovery.
Airlines say they will continue to charge extra fees for better coach seats, while shrinking capacity as necessary to maintain higher revenues.
Richard Aboulafia, a specialist at the Teal Group, an aerospace consulting firm based in Fairfax, Va., said that while revenue and payment were issues for aircraft manufacturers, more worrisome was airlines' shrinking capacity.
Similar(49)
And American will shrink capacity by 7.5percentt, instead of the 6.5percentt it had initially planned.
"Trading is becoming a game of attrition as weaker players shrink capacity," says Mr Hintz.
When Conrail was operating the freight system in the Northeast, it shrunk capacity to cut costs, he said.
This makes it politically awkward for either firm to fire workers and shrink capacity when times call for it.
Because cross-shareholdings protect parts companies from takeover, the industry cannot readily shrink capacity as output falls.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com