Originally Posted by
rickair7777
My point was that a corporate raider's flexibility might get inhibited by .gov if it was looking to significantly screw up air travel capacity. They might get stuck with a white elephant, and no way to squeeze blood from the stone.
Your examples are post-deregulation fallout. I think the last of that was settled with the big BK's and mergers 15-20 years ago, and the rise of the ULCC's.
We're in a new era now. Don't forget the past, but there are differences.
Exactly. The days of leveraged buyouts by M and A corporate raiders are over. This isn't that. Elliott has an extreme minority stake in Southwest. As long as they can get the other institutional investors to go along, they are good. The second they start going rogue, they will be quickly sidelined.