With airlines struggling against rising oil prices and falling demand, Wall Street Journal columnist Holman W. Jenkins says the Obama administration could end up with yet another nationalized industry on its hands if it insists upon blocking alliances due to antitrust fears. "The new administration seemingly won't let companies fail, and won't let them succeed either," Jenkins writes of Justice Department opposition to antitrust immunity for Continental Airlines and the Star Alliance. Such alliances, he argues, are the industry's "self-help solution" for companies looking "to share losses and preserve capacity in a downturn." By denying that option to struggling carriers, Obama may soon be forced to "add the airlines to the collection of failed industries being run out of the White House."
Published in Brief: