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Dan: There are two issues here when you say the economics of the airlines
stink I assume you mean their ability to be profitable... That is a separate
topic for discussion vs the importance of the airline industry to the U.S.
economy............ Both have been touched in posts..
----- Original Message -----
From: <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 25, 2001 9:41 AM
Subject: Re: [RT] S & P MMS sees larger U.S. growth drop in Q4 & Q1
> Dorothy
>
> Although you have been 100% right about the extent to which Congress and
> the administration has been willing to bailout the airline industry,
> that doesn't prove that this is so important that it must be saved. It
> looks a lot to me like the steel industry heading into the 70s, when it
> took mass bankrupcies to force the kind of radical restructuring that
> the industry needed.
>
> I expect more marginal airlines to go out of business, and some
> consolidation to occur, especially thru allowing foreign airlines to
> increase their presence in the US. For example, let's kill the Bermuda
> accord which foolishly restricts flights in and out of Heathrow.
>
> The govt support doesn't really change the economics of the airlines,
> which stinks.
>
> Regards
> DanG
>
>
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