Originally Posted by
NotMrNiceGuy
This is a bit dramatic, isn’t it? 9/11 was horrible for the industry. Did SWA shrink 50% in size over the next 5 years? Players get shuffled around. That’s the price of the decisions the company makes.
And bankruptcies are not all the same. You don’t sell the kitchen sink. You restructure.
Painful? Yes. But the market would be just fine. The airplanes aren’t burned to ashes. Another Indigo Partners would buy those planes for cheap and create a new competitor. Bad for our collective careers? Yes. Better for the consumer, American tax payer, and our industry ten years down the line? I think that is also a yes.
no not dramatic
Covid was a much bigger deal than 9/11.
very good chance American would have gone Chapter 7 without the bailout. Loads were down over 80% at one point. Delta and United could easily have picked up the slack.
no market system is going to pay for airlines to hedge that sort of risk. It’s like faulting Disney if a terrorist group nukes Orlando.