Originally Posted by
TsimShaTsui
I also believe the big three are too big to fail. But you’re never too big for a good old fashioned restructuring.
This.
Some are equating the extreme case of Covid with all possible downturn scenarios. There are many shades of falter that don’t mean outright failure. “Too big to fail”doesn’t mean an industry downturn won’t drive a furlough at airline X if they over extend themselves or fail to plan properly. The government isn’t going to step in and stop a simple furlough.