Originally Posted by
Twin Wasp
One thing that hasn't been pointed out in the deregulation debate is the bankruptcy issue. Ok, you want to run an airline based on a penny a seat mile, fine. But when you're out of money, you're out of the game. Presently you file bankruptcy and continue, forcing the other airlines to compete against your unrealistic plan.
BINGO!
This industry is "semi" regulated! Bankruptcy (No failure, no attempt to modify the business model), no "real" ability to strike (no strength), and the employees take in the shorts again and again!
