Bankruptcy better than merger?

[Joelle]

Bankruptcy better than merger?
      

Bankruptcy is better than a merger. Or that’s what U.S. airlines seem to think.
Almost every U.S. legacy carrier has been through a bankruptcy at some point; many have been through Chapter 11 twice.
And things, once again, are turbulent.
After racking up $35 billion in losses and finally emerging from a five-year slump in 2006, you would think the [...]
         

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