The problem is the bankruptcy laws of the U.S.
If the airlines that had to go Chapter 11 had simply gone out of business and not allowed to shrug off their debt and tear up their contracts and then go out and and try again we would have had a MUCH stronger and profitable industry now.
Our bankruptcy laws have created a weak industry. If a business can't hack it, they should die out and let corporate Darwinism work.
If the airlines that had to go Chapter 11 had simply gone out of business and not allowed to shrug off their debt and tear up their contracts and then go out and and try again we would have had a MUCH stronger and profitable industry now.
Our bankruptcy laws have created a weak industry. If a business can't hack it, they should die out and let corporate Darwinism work.