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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (853415)5/1/2015 2:47:53 PM
From: TimF  Read Replies (1) of 1577031
 
Every major airline in this country has BK'd at least once; some multiple times

That is close to being true (only false as a categorical statement), airlines have over time come close to break even. (Slightly positive and close to break even over the long run, won't keep you out of bankruptcy if you have a lot of debt, don't have a lot of cash to fall back on, and have highly variable profitability, often losing a lot of money.) But the financial performance of long distance passenger railroads, or at least Amtrak which is the only long distance passenger line operating for decades, has been much worse. It always looses money good times or bad. That despite the fact that it doesn't face direct competition (unlike the airlines).

And consequently most of our local and train transport is third world.

Nonsense.
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