#Jetblue is trying to buy #SpiritAirlines. It's a terrible idea. Consolidation in the US aviation industry has resulted in higher fares, less reliable planes, spiraling junk-fees, and brutal conditions for flight- and ground-crews. The four remaining US major airlines, who gobbled their rivals, are three times more profitable than their European counterparts:

https://www.economist.com/leaders/2017/04/22/a-lack-of-competition-explains-the-flaws-in-american-aviation

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A lack of competition explains the flaws in American aviation

Americans are treated abysmally by their airlines. They should look to Europe for lessons

The Economist

If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/03/12/they-put-it-in-writing/#that-was-then

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Pluralistic: Spirit warned investors that merging with Jetblue would be illegal (12 Mar 2023) – Pluralistic: Daily links from Cory Doctorow

That's great news if you're an airline shareholder. It's terrible news if you're hunting for your lost bags, or if you're a flight attendant or pilot being squeezed, or if you're being hit for billions in covid bailouts - or if you're one of *million Americans* who were stranded during Christmas week by the failure of #SouthwestAirlines' IT systems, which use duct-tape and wishful thinking to hold together the IT systems of all the airlines #SWA bought:

https://pluralistic.net/2023/01/16/for-petes-sake/#unfair-and-deceptive

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Pluralistic: 1,000,000 stranded Southwest passengers deserved better from Pete Buttigieg (16 Jan 2023) – Pluralistic: Daily links from Cory Doctorow

The collapse of competition in the US airline industry is the result of a deliberate policy, the "#ConsumerWelfare" theory of #antitrust, which says that #monopolies are "efficient" and good for the public. It's a theory that took root under #Reagan, and was reaffirmed and expanded by every president, R or D, since.

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@pluralistic
A monopoly is no longer controlled by the "invisible hand" of the market, so I don't understand how efficiency is logically consistent with capitalism. Then again, the idea that shareholder dividends are the only thing that matters is threatening to ruin the economy and destroy the sustainability of life on the planet. Good job, economists.