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Not sure if you're joking, but the airlines have a long long history of bankruptcy... Even American Airlines declared bankruptcy in 2011 and emerged from it in
by unreal37 7y ago
Not sure if you're joking, but the airlines have a long long history of bankruptcy...
Even American Airlines declared bankruptcy in 2011 and emerged from it in 2013... Delta in 2005. United in 2002.
[0] http://airlines.org/dataset/u-s-bankruptcies-and-services-cessations/ http://airlines.org/dataset/u-s-bankruptcies-and-services-ce...
- jartelt 7y agoYet AA, Delta, and United are each still operating and each valued at over $10B today. The point is that the airline industry has several players operating and competing and has not totally imploded and fares have not skyrocketed. Many are predicting Uber and lyft will either raise fares a ton or the companies will totally fail and be worthless. I'm saying there is a middle ground where they compete without killing each other.