1. "There's a strong, growing groundswell of support for airline mergers." This is Âcomplete nonsense. Only three very narrow groups are arguing for legacy airline mergers in the US - [a] individual hedge funds who don't understand industry fundamentals but have made big speculative gambles on consolidation, a handful of very senior airline executives who are finding it very Âdifficult to generate sustainable profits but would realise multi-million Âpersonal payouts in most merger scenarios, and [c], Wall Street firms, lawyers and consultants lusting after big fees. No one with any long-term stake in these airlines is advocating mergers.
