The simple fact that airline-sponsored security measures allowed four aircraft to be hijacked from three separate airports on the same day indicates a level of negligence that is close to criminal. In a very real sense there are over 5,000 victims of this negligence. It will be interesting to see if UAL and AMR are forced to shoulder any financial liability for the ground victims of the flying bombs that were set loose through their lack of concern for security. Pan Am 107 sets an interesting legal precedent.
The proposed government bailout essentially rewards this irresponsible and incompetent behaviour. There is enough demand for air travel in this country to drive a very healthy industry. Unfortunately, the larger players which had been weaned on regulation and federal subsidies can no longer effectively serve this community. More subsidies ultimately will not help them.
So let them fail as they have failed us!!! Our economy needs better and more secure airlines not more bailouts.