Originally Posted by
Hedley
Don’t know about the others, but the UAL/CAL merger happened while thousands were already furloughed. The same could happen again. Both companies shrink to meet demand, furlough, then merge. Good times.
That's the way of the industry. Lots of pilots are saying no mergers will happen, because nobody has any money, but the biggest mergers have happened in downturns. When everything goes south, the rich don't panic, they buy. I predict we are about to see another big round of consolidation in the industry, particularly in the LCC/ULCC sector.