Thoughts on Bailouts?
03-17-2020, 06:10 AM
#21
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Posts: 1,788
Originally Posted by senecacaptain
the govt is mandating curfews and shelter in place. an estimated 1M restaurant workers alone will soon be unemployed.
where is their bailout
where is their bailout
03-17-2020, 06:26 AM
#22
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Originally Posted by iHateAMR
if they don’t have the discretionary income to travel, eat out, shop, etc, then no. Get over yourself.
Watching AA go through this is like a wet dream for you. What a sad person you are.
03-17-2020, 08:14 AM
#23
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Joined APC: Nov 2019
Posts: 1,256
Originally Posted by BurnerAccount69
Will the world function without most of them?
JetBlue
Frontier
Spirit
Allegient
Sun Country
UAL
AA
DAL
Hawaiian
Alaska
Southwest
Uhhh.....
* The entire world is suffering in some form or manner from this....every industry could use a "bail out"
03-17-2020, 08:18 AM
#24
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Posts: 305
03-17-2020, 09:54 AM
#25
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Posts: 2,241
Originally Posted by AirbusPTC
03-17-2020, 10:01 AM
#26
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Position: Narrow/Left Wide/Right
Posts: 3,655
Originally Posted by sanicom3205
But my understanding is that during a bankruptcy, if it were to happen, we could very well have things forced down our throats that we don't agree to.
BK in itself is VERY EXPENSIVE, $100's of millions down the rathole of lawyers fees and other costs that do nothing to help the operation, or pay employees more. It lasts a long time and costs so much that the company has no choice but to go for the jugular so that they can get new financing to rebuild the airline at a new improved cost structure.
03-17-2020, 10:48 AM
#27
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Joined APC: May 2019
Posts: 314
Originally Posted by senecacaptain
you mean like if most of the below cease to exist and operate ?
JetBlue
Frontier
Spirit
Allegient
Sun Country
UAL
AA
DAL
Hawaiian
Alaska
Southwest
Uhhh.....
* The entire world is suffering in some form or manner from this....every industry could use a "bail out"
JetBlue
Frontier
Spirit
Allegient
Sun Country
UAL
AA
DAL
Hawaiian
Alaska
Southwest
Uhhh.....
* The entire world is suffering in some form or manner from this....every industry could use a "bail out"
03-17-2020, 11:08 AM
#28
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Joined APC: Mar 2018
Posts: 1,358
Originally Posted by daOldMan
What percent of major corporations, not to mention our government and military, depend on passenger carrying airlines?
Thousands of companies and millions of employees would be adversely affected if we all went out of business.
Again, it doesn't matter what we think. No one cares that we think.
Thousands of companies and millions of employees would be adversely affected if we all went out of business.
Again, it doesn't matter what we think. No one cares that we think.
The airlines are the size that they are because the vast majority of people want to fly, not because they really need to. Businesses prefer a face to face meeting and a handshake, but the same meeting could be held with a teleconference. People enjoy vacation travel, but there really isn’t a need to go sit on a beach in the Caribbean. Most of us are employed because the public prefers to buy our services, not because the world will stop spinning if global aviation gets cut in half. This is hitting the travel industry hard. It is also hitting other industries hard. Should bailouts go to concert halls, restaurants, convention centers, etc, as well? Where would it stop? Demand will return at some point. The market will direct the industry how to react to what ever the new normal is.
03-18-2020, 06:22 AM
#29
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Joined APC: Nov 2013
Posts: 1,764
Originally Posted by BurnerAccount69
Big daddy gov is gonna print money and give them all $1000, and they'll get unemployment if they get laid off. So don't act like they aren't getting something. The world will have to cook for 2 weeks, OMG!!! Worst case scenario, you can eat all the toilet paper you hoarded.
03-18-2020, 06:24 AM
#30
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Joined APC: Oct 2008
Posts: 1,530
Originally Posted by daOldMan
Who cares what we think about them? the economy would collapse as a result, everyone in the country would be worse off. We would all be out of jobs.
rd.
rd.
This is true under normal events but this is different, there’s no passengers that need the service. I say shut it down temporarily instead of flying empty planes around costing tax payers 50 billion. Even if there is a bailout get ready to fly for min wage.
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