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American majors were able to slash capacity much faster than their European and Asian counterparts because many of their elderly planes were fully depreciated.
That growth has shown no sign of abating following Sept. 11, when the no-frills carriers, with costs that are sometimes half that of traditional airlines, were able to slash fares to woo travelers.
That's why Romney & Co. were able to slash jobs as easily as they created them.
Similar(57)
Low inflation has meant that central banks have been able to slash interest rates.
What is clear is that Hilead, with all its government support, has been able to slash prices.
Will governments be able to slash spending/raise taxes sufficiently to bring their budgets back into balance?
The earnings report showed Gannett has been able to slash expenses enough to stay profitable despite steady revenue declines.
While Mr. Hands has been able to slash costs and revenue has recently picked up, EMI remains a sickly business.
This year, the chain expects to be able to slash prices, offer more promotions and improve its selection.
The farm corporation, however, was able to slash its labour costs by cutting acreage and could cut costs further by using government subsidies to purchase machinery.
Since its acquisition of Mobil, Exxon has been able to slash $1 billion-worth of inventory from the two firms' lubricants business alone.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com