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by SOLAR_FIELDS
891 days ago
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Can we even say that JetBlue succeeding and/or the merger moving forward would be a win for the consumer though? The problem with aerospace is that it has a very high barrier to entry, so consolidation ends up hurting the consumer more often than not. Same as other infra related industries like telcos and civil engineering work that require fairly massive upfront capital and regulatory investments to operate. Better to leave a hole in the market to encourage new entrants, even if it means consumers suffer in the short term. |
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