Does airline consolidation make sense in the 21st Century?
The first part of the 21st century has been a turbulent time for the aviation industry. The past twenty years have seen it all, from more airline consolidation, to major disasters, to more bankruptcies.
The former is naturally quite a worrying prospect for some, but how dangerous is it really? Is it even dangerous? And when does airline consolidation make sense?
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Many people are worried by the rise of the three major airline alliances- Star Alliance, Oneworld and SkyTeam, which aren't owned by any one individual or company.
So the prospect of many smaller airlines banding together to become one large airline, or several larger airlines coming together to become one, is a scary prospect.
In the 21st Century, some a...