Quote:
Originally Posted by RainMaker
It's a big distinction. The government doesn't care if a minor airline with 8 planes goes under. They will never allow a major airline like Southwest to go under. Same thing happens in banking, finance, automobiles, etc.
It's important because a company like Southwest can take massive risks like using outdated systems that can completely paralyze the airline industry. If it hurts their bottom line, the government will cut them a check.
What happened in 2020 was not capitalism. Airlines that were poorly run should have been allowed to fail.
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Hahahahahaha...you got yourself on that one. Eight planes my ass. Hundreds of planes at peak. And if you're all "NO, those were all regional airlines, or small shitty planes that nobody cares about" you're being a hypocrite. Because almost all of those carriers started off as an independent airline and they had thousands of employees and carried millions of passengers.
The distinction is that really huge airlines don't just go out of business they get bought and merged. Because control of those routes and certificates is worth way more than letting that flying open up to everyone. And yes, the government lets that happen. But it's complicated too due to anti-trust legislation.
But please, tell us more about your full knowledge and understanding of the industry.