Wait a second, I thought the airlines were too big to fail?

They were just making BILLIONS in profits. What did they do with all that money? They didn’t reinvest all that money back into stock buybacks, did they?

The corona virus ain’t going away. It’ll run its course through the rest of the year, will fizzle down a bit, and come back for a second pass later this year or early next year. This will happen for many years. No amount of quantitative easing from the fed or corporate socialism in the form of taxpayer funded bailouts will be able to undue the damage, in my opinion.

I do think this will expedite discussion about breaking up the larger carriers. That would help solve the “too big to fail” problem. Maybe this would be initiated by the respective BODs at the airlines or, possibly, by the government. Or, because air travel demand is rapidly waning and the airlines, at least the legacy carriers, are looking at strong retirement numbers, they could rapidly shrink by not hiring to replace retirements and just allow mass retirements as a natural form of downsizing.