This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Air Travel Changes At Less Than Supersonic Speed

By SARAH DiLORENZO and LORI HINNANT

LE BOURGET, France (AP) â¿¿ When the Concorde started flying in the 1970s, hopes were high that the traveling masses would soon streak through the air faster than the speed of sound or soar in planes that hurtled like missiles above the earth's atmosphere. Instead, jetliners still look the same as they did five decades ago and travel times have barely budged.

To consumers who have watched the world's technological imagination shift to Silicon Valley, the airline industry seems plodding. Computers and cellphones are obsolete almost as soon as they're unwrapped. The aviation industry looks stuck in time by comparison.

"Twenty years ago, 10 years ago even, a lot of technology and innovation came from the aerospace industry," said Larbi Ouchelouche, who is the project manager at Speel Praha, a Czech company that makes black boxes and other flight monitoring systems. "But today, the commercial is going so fast."

Restricted by huge costs, rising fuel prices and safety concerns, the aviation industry is unable to make the same leaps and bounds. It has instead turned its eye to less obvious advances, ones that companies say have allowed more people to fly than ever before.

But even some industry insiders revealed a touch of disappointment at the Paris Air Show this week.

"Look at all the aircraft ... they're exactly the same (as they used to be), they're just using different material," said Gerrard McCluskey, the vice president of engineering at AERO Vodochody, a Czech aerospace manufacturer.

One of the most talked about innovations at the show in Le Bourget this week was the use of composite materials â¿¿ including carbon fibers and plastics; Airbus' newest jet, the A350, relies heavily on composites. But to the naked eye, it looks just like all the other Airbuses on display.

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs