Originally Posted by
JulesWinfield
Now why on Earth would he do that? Oh wait:
Exactly!!! And to think some pilots(initially) considered that a noble venture to curtail their wages (some just cut a percentage) for a few months. Employees will feel the impact, they will most certainly not.
*****Nothing to see here folks, nothing to see, move along, move along...***** Heck, make some quick cuts to ourselves, cut the fat, cut some wages down, offer this, offer that, the employees will be happy and grateful to keep a job at reduced rates/time off and we’ll be sitting pretty to get our bailout showing “We tried Very Hard!” Meanwhile, if they cut more than a year of salary, they wouldn’t even feel it for more than a decade, if ever...
When provided the cash (Bailout), they ALL must be carefully monitored to ensure it gets to their work force and only operating requirements. Not to ensure full income, but survivable means whatever that entails. Beyond my opinion of course.
Definitely regulate the Bailout cash to true operating requirements, and none of it should ever go to stock buybacks, etc. Bailing out a masking of true value.
It doesn’t matter, but my initial thoughts were it’s a loan to survive an unforeseen natural disaster, but now - definitely in my eyes a bailout to mitigate when sound minds were not at the helm as history has proven over and over again. Understandably as mentioned by folks before, it’s not a business mindset to hoard tons of cash aside and not reinvest into the company in some form, but why are the masses advised to save 6 months of earnings (required amount) for that rainy day. They didn’t, why should you and yet here we are again. Never makes sense for some until your in that forced position.
Interesting “Raccoon” article posted earlier, but the pax industry shouldn’t be declared as vital as electricity, let alone healthcare or the sketchy banking system (which always needs adjusting). Just collapse them in your mind and logically consider the impacts of any single one of them or God forbid all of them (your witnessing healthcare pressure now on a medium scale, banking in 08 and we’ve all had the power out some longer than others). Transportation service maybe, a utility perhaps; either way, the carriers are super important and make life incredibly efficient, effective and leisurely if you will (especially for a virus) - but if the nation were impacted at 50% or greater loss regarding electricity, healthcare and banking if it were catastrophic, lives would be lost exponentially.