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Old 06-15-2020, 11:31 PM
  #24  
C17B74
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Joined APC: May 2013
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Good to have some reprieve for an anomaly which no one started within the US. But here’s a rub: financial advisors, friends and family and or your parents have mentioned save for a minimum of 6 months pay for that rainy day, in this case survival mode for the past 2 decades if not forever. And that 6 months may not be enough and it is situation dependent, but that’s not where I am headed for fault finding. Everyone has heard it no matter what. So if it’s basically common sense and the public attempts to adhere to it or at least has been briefed to do it (not easy for many), then why didn’t the airlines have a 6 month pot? No excuses - buyback whatever, definitely no excuse. It’s life’s rules that while not concrete can help save the day but never applies or is heeded by the large entities. You have an umbrella or jacket at times don’t you in case it rains. Some will say that’s different based on occurrence rate so here’s the no excuse. You have a fire extinguisher in your home don’t you so how often have you used it or even looked at it? While it might not save the day, you might have a fighting chance. Doesn’t matter that no one saw this coming, crap rolls downhill; therefore, companies should have safety net. But you must agree, this debacle is consistent with companies being driven into the ground, concessions, bankruptcy, stock buyback and of course golden parachutes. They don’t get hurt, you do and many times the taxpayer will pay the piper or take on this burden. Debt is debt the future is wide open.
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