EPS
join:2008-02-13
Hingham, MA | reply to james
Re: How big will the kick back be to the GOP.
That's true- the only companies allowed to lose money year after year for extended periods of time are the major airlines, and even they have to go bankrupt now and then. |
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wwdubbia
join:2002-06-03
Clinton, NY
| said by EPS  :That's true- the only companies allowed to lose money year after year for extended periods of time are the major airlines, and even they have to go bankrupt now and then. Don't forget General Motors. |
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Dogfather
Premium
join:2007-12-26
Laguna Hills, CA | reply to EPS
They get occasional gov't bailouts too. |
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Maggs
Premium
join:2002-11-29
Woodside, NY
 ·RCN CABLE
| reply to EPS
The airlines are responsible for WORLD commerce, if they go bankrupt our economy either slumps or collapses. That's why most governments heavily subsidize airlines. Buying a 747 costs $16 million, imagine buying 60 planes.
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NIL ILLEGITIMUS CARBORUNDUM! |
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Dogfather
Premium
join:2007-12-26
Laguna Hills, CA
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2 edits | No they aren't responsible for world commerce. Only a tiny fraction of commerce is flown. The vast majority is done by ship and rail, especially with current fuel prices.
The reason the airlines do so poorly is because they keep getting bailed out. Other businesses are allowed to fail and better managed companies (eg Southwest) grow to fill the void.
And US airlines get subsidies because they have a powerful lobby, just like farming corporations, not because they're so pivotal to commerce. |
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