There have been a lot of good antitrust action recently and in the past.
But this particular decision didn’t make sense from the beginning. There are 3 major airlines in the U.S. already (4 if you include Southwest). Those guys are also too big to fail.
Everyone else is competing against them in a highly uneven playing field. You need to let the remaining players act in ways that make sense. Even if they consolidate down to a 4th big player that’s not a bad thing.
That’s because of the additional peculiarities of the airline industry. There’s always investors willing to go into it for some reason. But more importantly, you are completely dependent on airplan manufacturers which is a highly monopolized backlogged industry that rewards bigger players.
But this particular decision didn’t make sense from the beginning. There are 3 major airlines in the U.S. already (4 if you include Southwest). Those guys are also too big to fail.
Everyone else is competing against them in a highly uneven playing field. You need to let the remaining players act in ways that make sense. Even if they consolidate down to a 4th big player that’s not a bad thing.
That’s because of the additional peculiarities of the airline industry. There’s always investors willing to go into it for some reason. But more importantly, you are completely dependent on airplan manufacturers which is a highly monopolized backlogged industry that rewards bigger players.