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Pluralistic: Boeing, Spirit and Jetblue, a monopoly horror-story (21 Jan 2024) – Pluralistic: Daily links from Cory Doctorow
Pluralistic: Boeing, Spirit and Jetblue, a monopoly horror-story (21 Jan 2024) – Pluralistic: Daily links from Cory Doctorow
Love to see slow motion market collapse death spirals due to deregulation.
They can't grow by adding routes, because there are no pilots. Even if they could get pilots, there'd be no slots because there are no air traffic controllers. But even if they could get pilots and slots, there are no planes, because Boeing sucks and Airbus can't make planes fast enough to supply the airlines that don't trust Boeing. And even if they could get aircraft, there are no engines because the Big Four aviation cartel cornered the market on working jet engines.
the Big Four airlines also have debt:capital ratios of about 100-120%, and they do get bailouts ever time anything goes wrong.
·pluralistic.net·
Pluralistic: Boeing, Spirit and Jetblue, a monopoly horror-story (21 Jan 2024) – Pluralistic: Daily links from Cory Doctorow