It stated that if if United had gone out of business in 2002 (as it would have without government grant money) every airline would have made money that year. >>>


Yeah. Yeah. And if SWA did not have fuel hedges...yada yada. If "ifs" and "buts" were candy and nuts.....oh what a merry Christmas we would have. Wait, if Continental would have went out of business in their 2nd bankruptcy, maybe the industry would have been stronger for 9/11. Or if the ATSB would have approved UAL's loan guarantee like they did for US Airways and America West, maybe UAL would have avoided bankruptcy altogether. One will never know.