I don’t see a single one of his “Realities” addressing any of the “Myths”.
For example, Myth One: Airline mergers most certainly DO cause big job losses. The fact that oil prices and bankruptcies also cause job losses does not change the reality that mergers do cause job losses.
This is another example of modern journalism, where logic and reasoning are no longer applicable. Just throw something out there.
And this is supposed to be the business bible. Of course, the Journal also does not believe 20 million illegal aliens take American jobs, so at least they are consistent - consistently wrong.
Still wouldn’t mean the merger is a bad idea though, since it might be the only thing that could keep either of those airlines afloat.