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Airline bankruptcy is a normal business activity, akin to an occasional server refresh in the data center.. It doesn't disrupt the overall airline industry, and it's not a catastrophe to a bankrupt airline.

http://philip.greenspun.com/flying/unions-and-airlines

I read that Warren Buffet said he has a full-time employee whose job it is to stop him from buying any airlines.

Probably one of his pithy quotes, but funny all the same.

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