We agree completely. They won't fail unless congress changes the law. Many European and Asian airlines are profitable, as is Southwest. The bloated, hub monopolist legacy carriers are badly managed, spend too much time trying to strip benefits and pay from their employees whilst hoarding vast sums of cash in bonuses and stock options for the few senior executives who can asset strip the most. When it all finally catches up with them, they run to Uncle Sam for help, get highly protectionist measures passed and hide under Chapter 11 to avoid their obligations. Unless they are re-regulated, nothing will change. The are the new robber barons and legislative change is the only way forward.
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