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Industry consolidation will likely occur, but not until the credit markets recover from the sub-prime mortgage mess. Large institutional investors often indirectly fund large mergers, and many of them have been burned and are pulling their money out of risky investments. Airline profits are notoriously sensitive to economic downturns and with oil prices on the rise and an imminent slowing of the U.S. economy, M&A money is on the sidelines waiting to see what happens.
When the time is right and the capital is available, I'm sure we will see additional mergers and the airline business will follow the Big 3 automakers and the major oil companies in limiting choice and price which will only benefit Wall Street and those who provide the money for the mergers.
Thank you. Sincerely, MamaIs this being purposely offensive to the west side employees? Is this to stir the pot?
When we were a derelict NE regional airline that wasn't making money( vs. Alaska which is a NW regional airline that has survived quite nicely) we were going nowhere fast.
It's old U thinking, which got us nowhere and it's a cheap shot.
Ignore the profits, embrace the deficits. Ignore the past...This place is a dump. Don't let the profits fool ya. Even a cheap, ugly hooker can produce some $$.
My pleasure.Thank you. Sincerely, Mama
We're not even classy enough to be called a hooker. We are just giving out handies in a hooptie behind the Wawa.