Quote:
Originally Posted by PilotMan
Ahem.....you can say major, minor, whatever all you want. Many airlines have gone under. Some get bought out, some get put out, but the bigger ones, got bigger. Capitalism, just like people like. I've know far too many people, just in the last 20 years, who have watched their airline go out of business, so excuse me for calling out your petulance.
|
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It's important because a company like Southwest can take massive risks like using outdated systems that can completely paralyze the airline industry.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.