Originally Posted by
Gone Flying
I could see a scenario where AAL does not get a bailout like UA/DL/WN because of this. back in December it would have been a tough argument to say any of the other 3 were being fiscally irresponsible, not so much with AA. any moderate downturn could have caused AA to cut deep while most the others could have ridden the wave. I just wonder how much sympathy average people will have for this kind of behavior
Unfortunately, at least in my circles, the average people seem to read that as "
all airlines have spent 96% of their
profits over the last ten years on stock buybacks." The average response has been "whatever, let them all file for Chapter 11."
We've actually made some serious gains at the regional level over that time span, and I wouldn't be surprised if we give them all back if we don't get some help.