Show threadCory DoctorowJan 22, 2024

Not coincidentally, the Big Four airlines *also* have debt:capital ratios of about 100-120%, and they *do* get bailouts ever time anything goes wrong.

As #WilliamMcGee reminds us, it's been 14 years since anyone's started a new US airline:

https://twitter.com/WilliamJMcGee/status/1747363491445375072

20/

William J. McGee (@WilliamJMcGee) on X

3/6 It's left us in a place that's--yes--unprecedented. As in not since the earliest days in the 1910s. We've never had so few scheduled passenger airlines or so much concentration at the top with the Big 4 oligopoly controlling 80%+. And a 14-year gap without any new-entrants.

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