[lbo-talk] blackouts and deregulation

Charles Brown cbrown at michiganlegal.org
Tue Aug 19 09:26:09 PDT 2003


It should be, but I'm not optimistic. Our airline industry is a wreck. It's had several brushes with disaster - the recession of the early 1990s and the post-9/11 and recessionary environment of the last two years - and the industry is on the verge once again of slipping into cumulative loss (i.e., the sum of profits and losses since the commercial airline industry was born is about to head into the red, which it last did about 10 years ago). Airlines have disappeared, a number of lines are now in bankruptcy, flying is often confusing and expensive. Despite claims to the contrary, fares have fallen no more rapidly since dereg than they did during the regulated era. Yet no one even suggests that airline dereg has failed. God bless America.

Doug ^^^^^ CB: The airline industry should be privatized... Oh yea. It already is.



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