Yet Another Airline Proposes Bankruptcy

Here's the problem with the airline business... a lot of countries will subsidize the operation of their country's airline so that they have the prestige of having their own "National Airline". So it doesn't really matter whether their airline, makes a profit or loss, it will simply continue to operate  and outcompete most private airline businesses who have to worry about such things as their bottom line or profitability! Thus we see another airline proposing to file for bankruptcy.

And this comes very shortly after a Spanish airline went bankrupt this week and a Scottish airline went under earlier this month. Yet another reason why I like to stay away from airline stocks