Robert Crandall calls government ignorant

[Frank Szabo]

Sometimes these forums read so negative that we should just announce this and get it over with.

"There is no such thing as Gravity, the whole World Sucks, and that is what keeps us attached to it."

I've said that for years, D, but only in reference to particular locales.

 

[FWAAA]

Crandall knows an awful lot about the airline industry, but he doesn't know #### about antitrust law, and it shows. He demonstrated it a long time ago when he called Putnam.

The Clayton Act doesn't contain exceptions permitting unlimited consolidation in "unique" industries where the industry desires "long-term stability." The airline industry's history of huge losses and the possibility of ruinous losses in the future are irrelevant in this case.

As I said - Crandall is an airline expert. When the subject turns to the Clayton Act, he's no different than any other ignorant old man. Doesn't matter that he may be entirely correct about AA's future if the merger is off.

 

[Bob Owens]

The airline industry's history of huge losses and the possibility of ruinous losses in the future are irrelevant in this case.

The same is supposed to be true as far as the RLA and PEBs.

 

[xUT]

Crandall knows an awful lot about the airline industry, but he doesn't know #### about antitrust law, and it shows. He demonstrated it a long time ago when he called Putnam.

The Clayton Act doesn't contain exceptions permitting unlimited consolidation in "unique" industries where the industry desires "long-term stability." The airline industry's history of huge losses and the possibility of ruinous losses in the future are irrelevant in this case.

As I said - Crandall is an airline expert. When the subject turns to the Clayton Act, he's no different than any other ignorant old man. Doesn't matter that he may be entirely correct about AA's future if the merger is off.

Maybe, but he was smart enough to predict this mess:

You #### academic eggheads! You don't know ####. You can't deregulate this industry. You're going to wreck it. You don't know a goddamn thing!​

— Robert L. Crandall, CEO American Airlines, addressing a Senate lawyer prior to airline deregulation, 1977.​

B) xUT