> Real, sustainable competition is what makes capitalism great. Jet spending $800mm+ in a year and taking a loss on every sale is not sustainable.
OTOH, spending and taking losses like that is often the cost of breaking into a business with established competition, even if you have a fundamentally better model -- a bit part of what every business wants to do is establish the kind of "moat" that makes that kind of thing necessary for any would-be new competitor.
OTOH, spending and taking losses like that is often the cost of breaking into a business with established competition, even if you have a fundamentally better model -- a bit part of what every business wants to do is establish the kind of "moat" that makes that kind of thing necessary for any would-be new competitor.