Once more with feeling - Socialism is socialism, regardless of the . Obama took a lot of heat for bailing out GM (socialism), which has as many, if not more, employees than airlines. Socialism is bad. Until you need it. At lease eolesen is fairly consistent and said the market should dictate what happens to airlines. It should have happened in the days following 9/11...an airline fails, the others pick at the carcass. It sounds awful (and is kind of)....but that's the "fee market". Instead we had airlines cannibalizing the others via mergers and THEN they filed bankruptcy.
AA was the last of the big airlines to file bankruptcy. Imagine what might have happened if they hadn't been competing with airlines that were not protected by bailouts and bankruptcy courts.