Business

Maybe the Trust Busters Got It Wrong

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To the Editor:
The current airline business model may be wrong (“Farewell, Ultra-Cheap Flights. What Spirit’s Demise Means for You—and Airline Stocks,” Cover Story, May 8). A hundred years ago, Boeing was vertically integrated. It manufactured the airframe and engine, owned an airline, and operated its airliners. The antitrust bureaucrats and the courts forced Boeing into being only an original equipment manufacturer. Maybe there will be an opportunity to replicate such a model in the future.

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