Originally Posted by
max8222
They got bailed out because of COVID, not because they are to big to fail. Looking at their explosive growth right now and how they are trying to capture market share, thee will be winners and losers. With the highly leveraged aircraft purchase a big slow down and you will see cut backs real fast.
They got bailed out because they were too big to fail. They weren’t bailed out after 9/11 because they were not too big to fail. 4 carriers have 80% of the market share. It never used to be like that.
The other factor is retirements. There has never been a retirement wave like this one. And it will blunt staffing overages for a while to come. There was no such shock absorber in previous crises.
I ask again, how long as it been since the big 3 furloughed?