George F. Will explains how all of the domestic airlines are going to have to be "low cost" carriers to compete with Southwest Airlines and carriers like it, which have redesigned the air carrier
market after the 1978 deregulation of the industry.
Southwest has been profitable for 39 consecutive years, while the rest of the industry lost $60 billion between deregulation and 2009.
Will points out that carriers like Southwest and JetBlue have 30% of the domestic market, up from 10% in 1999. "The 'two tier' airline industry is … becoming a thing of the past," he writes,
pointing out that in the last 30 years there have been 192 airline bankruptcies.
Read the whole story at Press Democrat »