Last year Delta and Northwest merged to form the world’s largest airline. Now United and Continental are merging to form and even bigger airline. A few years down the road when hard times arrive and these airlines are in financial trouble are they going to be too big to fail. Will the government step in and say, as they did with General Motors, gosh we cannot allow these airlines to go bankrupt so we must step in and use tax payer money to bail them out.
If that happens, will we all look back and say maybe we should not have allowed them to get so big. Does history really repeat itself?
John/Jack
No comments:
Post a Comment