I read an article a few years back and two things always stuck out at me. #1 airlines have an unusually high barrier to exit. #2 Everbody makes money off the airline except for the airline i.e. labor, creditors, management etc...

IMO, airlines have become such a part of the national economy that we cannot really afford for one that size to fail. Furlough, downsize, pay cuts, mergers...yes. Liquidation unlikely. We cant even strike anymore! Liquidation, I think not.

And with a bunch of democrats and the possibility of a chicago politician as POTUS. United maybe the place to be!