Shareholder, I'm not sure what you're saying. Since deregulation, almost 25 years ago, the airlines have enjoyed an unprecedented era of profitablity -- provided good jobs, and cheap tickets. I don't know what more anyone could have demanded. You could hardly expect the government to solve a problem that didn't exist. Remember Bob Crandell? He told us that the airlines using new sophisiticated management tehcniques were no longer a cyclical industry -- that their stocks deserved higher valuations. Many beleived him.

I don't see how the S and L debacle has any parallels with airlines. A misguided attempt to deregulate the S and L's invited actual criminality. There is no criminality in the airline industry. 911 is just unprecedented, no one could have predicted it.

Revenues have dried up in an unprecedented way. There is no way for the industry to downside quick enough without incuring significant losses.

Canada has a population a little larger than 10% of the US. We certainly can support more than one nation wide carrier.