Comment

Comment by Onavo

> They literally aren't, though.

That's a distinction without a difference. There are enough structural constraints in launching airline alternatives that they might as well be, especially the national carriers. They are not too far from being a utility (and in a lot of places they are subject to enormous amount of public funding to stay solvent because it's a national security issue when you don't have a pool of pilots and airplanes).

It's one of those "too big and too important to fail" businesses. There can be the occasional M&A or bankruptcy but no structural industry collapse is allowed. It's as important as the car industry in some places, though the reasons differ.

Do you expect the masses to fly private jets or Cessnas to cross the globe? It's like saying electrical companies shouldn't be regulated too much in certain jurisdictions because the generators are privately owned rather than being publicly owned. People will laugh you out of the court of public opinion.

parent Onavo 13 days ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton