Two major airline deals (Jet-Sahara, Kingfisher-AirDeccan) have since been closed and India’s analyst clan (a *know-all* breed that feigns mastery over every business) weren’t reacting as they normally would. I checked and confirmed – No, they don’t recognize modesty as a virtue just yet ….
Ah…Oligopoly…reminds me of Economics – a super bore. I’ve never been a fan of its theories except one – “consumer surplus”.
That said, consolidation in any industry is bad for the consumer. Wish there were some sort of a permanent anarchy 🙂 I fear the large players will quickly concur to drive fares up and slap it on passengers who have fewer choices now. I grudgingly recall a couple of its theories as possibilities – one of perfect competition between sellers in an industry that’s getting fiercely organized and another of dead weight loss, fear of which could force cheapskates like me running an ROI check on each trip ahead…