Quote from spicejetter:
"It would appear true - but I still stand by what I said before - Alitalia will never go bust - the govt. will step in - expect an announcement in a few hours. Perhaps it will renationalise. It will not go. Good thing - there are enough out of work pilots out there."
Not a good thing. Subsidised airlines like Alitalia undercut everyone else. Other airlines go bust - pilots lose jobs. Or other airlines can't raise prices because too much supply in the market - pilots pay held down.
Economics 101.