Originally Posted by
Viper25
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?
Being too big to fail does not imply too big to cut. If demand falls off and they become overmanned enough, they can and will furlough just like FedEx could furlough if it makes business sense. I get concerned when I see rapid growth. What goes up usually comes back down to a normal trend just like what we see now post-Covid growth mania.
Furlough doesn’t equal failure to a business…but it sure feels like it to the furloughed employees.