Airline Deficits

EIN News says, "Airlines Lost $6 Billion in First Half, Raised Equity. A sample of more than 50 airlines surveyed worldwide showed net losses in excess of $6 billion for the first half of this year, the International Air Transport Association said today. Airlines have also taken advantage of stronger equity markets to raise $15 billion to help offset dwindling operating cash flow, IATA said in a statement (bloomberg.com)".
My opinion is that the primary problem is too many airlines pursuing too little business. However, the fact that the private market is willing and able to supply $15 billion may indicate my opinion is wrong. Let's see what happens.
However, the key point is that the airline business should remain private enterprise, with some minor government control to avoid monopolistic practices and ensure public safety. It is not an area for government to be pouring in public money. Congress should stay out of this, unless it wants to take the next step of proving that it is oligarchic/socialist.