Originally Posted by
phenobarbital
... Consolidation was necessary.
Originally Posted by
DLdweeb
For stockholders, perhaps.
I keep hearing that, until recently, the airline industry as a whole never earned a return on its invested capital, lost untold billions of dollars, etc. This I don't doubt. ...
probably not the first time this has been mentioned on FT, but there's an old saying that it's actually really easy to make $1 billion in the airline industry ... just start with $2 billion