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[1:57] ..." So it appears that the airline industry continues to change and it's a legacy airlines that are instigating the strange."...
[0:00]" The United US Airways merger as they say is sort of like -- paper for travelers we lived through it. And badly in 2002001 that the two airlines was so. Determined to merge. That the service went right down hill it was to be giving them frankly the beginning of the end both carriers as we've been doing within two years. Well actually within a year after the merger was disproved United was in bankruptcy US Airways has been in bankruptcy so many times I can't remember when that wants. The end what is different now. Well they're both smaller and weaker but some of the basic problems remain it's appeal concentration in the Washington area and frankly there -- less advantages now in the world because both carriers are -- so much weaker in the marketplace. And they probably you know four and five or five and six of the sixty carriers. In terms of what which airline people want -- they're not anybody's preferred carrier real."
[1:01]" What could result if this combination did come to fruition."
[1:06]" Well in the part of the problem because we also looking at that delta and northwest merger and that would mean if both murders happened and approved you'd be down to four of the big civics instead -- instead of many more -- in my point of view I don't care about -- merchant go away because each time these airlines merge. They get smaller. The these six airlines that currently just that we called legacy care. Carry the DNA of all the airlines that existed before -- regulation in nineteen to have the date. And in thirty years they've lost the point of market cheer each year so the more they merged the more they combine. The more they try to concentrate the more they give up market share and airlines like southwest and jetBlue. So anybody who doesn't like these carriers are rooting for their failure just let them -- disappear of their own collection."
[1:57]" So it appears that the airline industry continues to change and it's a legacy airlines that are instigating the strange."
[2:06]" Then the big thing that happened to commissioners they guessed wrong on fuel in United particular case they -- just 28 months ago. And 28 months ago they predicted a five year plan with oil -- fifty dollars a barrel. Which was laughable then because oil was already selling its 65 dollars a barrel when they came out of bankruptcy and that very week. At the World Economic Forum in -- most people were already talking about a 120 dollars a barrel oil so. A lot of the problems these big legacy carriers that is they live in a different world from the rest of us they make up. Projections that make no sense in the real world and then they're shocked to find out the real world doesn't work for"
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