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Can we even say that JetBlue succeeding and/or the merger moving forward would be a win for the consumer though? The problem with aerospace is that it has a ve
by SOLAR_FIELDS 3y ago
Can we even say that JetBlue succeeding and/or the merger moving forward would be a win for the consumer though?
The problem with aerospace is that it has a very high barrier to entry, so consolidation ends up hurting the consumer more often than not. Same as other infra related industries like telcos and civil engineering work that require fairly massive upfront capital and regulatory investments to operate.
Better to leave a hole in the market to encourage new entrants, even if it means consumers suffer in the short term.
- squirrel6 3y agoI agree with you even though I think some will view this as a hot take. It is interesting that the US government has historically subsidized both smaller telcos and airlines to fill these types of small gaps where they exist.