“Take General Electric for example — the mother of all plays on continuing chaos in the skies. Not only does GE build the high-margin jet engines that keep planes aloft, it also leases planes to airlines, and then finances the bankruptcy process when the carriers go bust,” reads a column in The New York Post. (Registration required. No fee.)

“But it’s not just GE that is making hay off the sorry state of the U.S. airline industry. The nation’s top investment banks from Morgan Stanley to Goldman Sachs, among others, have made billions lending, advising, packaging and re-packaging carriers as they shuttle in and out of Chapter 11.

“More significantly, the artificially low fares that are the cause of the pandemic bankruptcy filings in the industry have made places such as Orlando and Las Vegas Meccas for families who can hitch a $69 dollar flight into town. It’s been an incredible boon to companies including Walt Disney, MGM Mirage, Harrah’s Entertainment and other casino and resort operators.”