Originally Posted by Phuketstyle

Despite the initial infusion of $50 billion, airlines continue to see reduced revenues, as many pandemic restrictions on travel remain in place. The industry is already supported by significant subsidies and has continuing access to private capital markets, though, so as a whole it is not in jeopardy. Furthermore, additional subsidies would be unlikely to help workers, as the greatest share of these subsidies would flow to creditors and shareholders. Another six-month infusion would not help keep pilots attached permanently. And large and long-drawn-out support for passenger airlines is not necessary to maintain capacity for cargo airlines, which will be needed anyway for rapid dispersion of a COVID-19 vaccine, when one is ready. https://www.mercatus.org/publication...ayroll-bailout