Re: [Marxism] US airlines crash and burn

[Carrol Cox <cbcox@xxxxxxxxx>]

Jon Flanders wrote:
>
> Here's a good example of capitalism at its worst. US airlines continue a
> suicidal course of fare cutting/beggar thy neighbor. Only one or two
> major airlines are likely to survive.

Some have argued (I have never followed up on the details of the
argument) that if you total up the profits and losses of the _entire_
airline industry from the Wright Brothers to the present, the bottom
line is a loss. Particular companies make money for a while, but not in
the long run. Air Ports, however, make a great deal of money, as do
various other auxiliary services. But air passenger service can survive
only as it is subsidized in one way or another.

Carrol


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