http://www.nytimes.com/2008/04/03/business/03cnd-ata.htmlYou probably know by now that yesterday ATA airlines became the second major American airline to shut down in less than a week. What you might not know is the company's stated reason for going bankrupt:
ATA blamed the shutdown on the loss of a contract for its military charter business.
So in other words, without subsidies from big daddy government's war machine, this little capitalist's darling was unable to survive. Just imagine the ripple effect when America is FORCED by economic reality to begin withdrawing from Iraq next year.
No comments:
Post a Comment