Mis-managed and bloated
The airlines have been mis-managed for years. The troubles that they have have been recurring every few years resulting in the companies going in and out of babnkruptcy.
Is this the result of 9/11? No, Continental Air was in bankruptcy twice before 9/11.
Now we subsidize the failing operations by picking up their pension oblications and granting them low interest loans.
The corporate welfare should cease, the bloated beasts should be allowed to die to make way for Southwest Air and JetBlue.
The public and will be better served.
By Adam Smith
The airlines have been mis-managed for years. The troubles that they have have been recurring every few years resulting in the companies going in and out of babnkruptcy.
Is this the result of 9/11? No, Continental Air was in bankruptcy twice before 9/11.
Now we subsidize the failing operations by picking up their pension oblications and granting them low interest loans.
The corporate welfare should cease, the bloated beasts should be allowed to die to make way for Southwest Air and JetBlue.
The public and will be better served.
By Adam Smith