The Airlines Could Show Big Three the Way

The airline industry thinks the automakers are nuts.

After all, while "bankruptcy is not an option" has become a mantra for automakers, the legacy airlines expect to post profits in 2009, largely because recent bankruptcies prepared them to deal with the troubled economy.

Auto executives reiterated their stand at a Senate Banking Committee hearing Tuesday, with General Motors (GM Quote) CEO Rick Wagoner proclaiming that "80% of consumers would not consider buying a car from a company in bankruptcy." ...