Originally Posted by
covec
I’m surprised that airlines (or any business) do not have “rainy day” contingency funds.
The way modern capitalism has been allowed to work is that any company that is cash rich (has reserves) is a target for an LBO or a take over by a competitor with the competition watchdogs asleep all over the world. The superairlines should never have been allowed, the benefits of scale are overstated and you end up with small numbrs of systemically important players (cf the banks). Nationalise them if they need a bailout and break them up.