Why does the airline industry always need bailouts and government subsidies and operates very inefficiently?

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Why does the airline industry always need bailouts and government subsidies and operates very inefficiently?

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Anonymous 0 Comments

“Operating efficiently” is the same as operating closer to the brink of collapse. Safety margins are costly, so if a competitor comes along that has less margins, they win out and you go under. Tons of laws, regulations and inspections make sure the actual margins of life and death aren’t violated too much, though it still happens.

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