Originally Posted by
cadetdrivr
FWIW, Todd Insler (UAL ALPA MC) just tweeted a link to this article:
https://www.cnbc.com/2020/04/11/flig...ut-offers.html
From the article:
The leadership teams of airlines have spent much of the weekend discussing whether or not to take the grants. “It’s starting to not be worth it,” a senior airline executive told CNBC when asked if they would accept the cash grant. “I could see airlines just laying people off because it’s cheaper.”
Those stock buybacks did more than just drain the airlines of cash. They ****ed off everyone in Washington DC.