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BA621-L10A8 - February 1 2010 BA621 Business Law Lesson#10...

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February 1, 2010 – May 21, 2010 BA621 Business Law Lesson #10 Assignment #8 Lesson #10, Assignment #8: WSJ Critical Thinking Exercise Download and read The Wall Street Journal article entitled "No Time to Bail" by clicking HERE . 1. What issue does the editorial present? The airline industry is in trouble and multiple big carriers are unable to increase revenue. Some of the $40B in government emergency spending may go towards the issue. 2. What is the editorial’s conclusion? It would be a waste of money to bail out the air travel industry at this time. Other industries are equally, if not more, deserving of such relief. The airline industry’s highly cyclical nature means that any time there’s an economic slump this will happen, so they should already be used to this. Just because their business woes followed an act of war does not mean they deserve special treatment. 3. What major reasons support the conclusion? 1. The airline industry’s financial structure, with extremely high costs and inflexible union contracts,
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