American Airlines has filed for bankruptcy after losing billions of dollars in the last 14 out of 16 quarters.
It was one of the stronger airlines. Continental, Delta, Northwest, and US Airways have already been through bankruptcy proceedings.
In 2006, the average price of jet fuel was $1.92 per gallon. In 2011, the average price of jet fuel is around $3.00 per gallon. The last space shuttle was launched by NASA earlier this summer.
The long anticipated collapse of commercial air travel – to be followed by the collapse of the supermarket and big box retail store – is another milestone on the road to the zero sum world of The Muse of Hate.
Note: After an extended vacation, The Muse of Hate will be back soon discuss recent events like the American Airlines bankruptcy, the collapse of Jefferson County, the bankruptcy of Harrisburg, the failure of the “Super Committee,” the Democrats abandoning the White working class, Occupy Wall Street, and slow motion collapse of the European Union.