Originally Posted by
GogglesPisano
You're correct. But step back a bit. Over 150 airlines have failed since deregulation -- most of them LCC's. No one is safe. But I'd bet on the stronger airlines with global reach and pricing power.
"Global reach" as it applies in this industry is now just another word for codesharing, and if the legacies can't make money as an entity, it doesn't help them.