Thoughts on Bailouts?
03-19-2020, 08:18 AM
#41
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Joined APC: Jun 2014
Posts: 589
Originally Posted by full of luv
Dobbs,
Im not mgmt and it's almost impossible to structure a company to survive no to little revenue fro 1-6months. Your proposal to just stockpile Billions and Billions of profits in cash accounts is not something that capitalist companies do. They have a BOD who manage the company to make as much profit as possible. If they have extra they can reinvest in stuff, grow, pay people more, increase a dividend or buy back shares in the company. The mgmt and BOD have to decide the best use of the money and each has positives and negatives. Because certain companies refuse to repatriate their profits from other countries (like Apple etc) and have huge cash balances outside the US, that is a function of the US tax code and not good corporate governance.
Im not mgmt and it's almost impossible to structure a company to survive no to little revenue fro 1-6months. Your proposal to just stockpile Billions and Billions of profits in cash accounts is not something that capitalist companies do. They have a BOD who manage the company to make as much profit as possible. If they have extra they can reinvest in stuff, grow, pay people more, increase a dividend or buy back shares in the company. The mgmt and BOD have to decide the best use of the money and each has positives and negatives. Because certain companies refuse to repatriate their profits from other countries (like Apple etc) and have huge cash balances outside the US, that is a function of the US tax code and not good corporate governance.
03-19-2020, 09:51 AM
#42
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Joined APC: Feb 2014
Posts: 742
I've been reading that the city of Las Vegas, (and state of Nevada) is, for all practical purposes, shut down.
So just out of curiosity, I checked on flights to Vegas tomorrow. We have 11 mostly empty flights tomorrow going from Dallas to Vegas. We have 8 mostly empty flights going to Vegas from LAX. Four from Chicago to Vegas. And Miami is showing 3 mostly empty flights to Vegas. I didn't bother the check other "hub to Vegas" flights.
Who's not making the easy decision to pair down these flights?
So just out of curiosity, I checked on flights to Vegas tomorrow. We have 11 mostly empty flights tomorrow going from Dallas to Vegas. We have 8 mostly empty flights going to Vegas from LAX. Four from Chicago to Vegas. And Miami is showing 3 mostly empty flights to Vegas. I didn't bother the check other "hub to Vegas" flights.
Who's not making the easy decision to pair down these flights?
03-19-2020, 11:14 AM
#43
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,095
Originally Posted by Slick111
I've been reading that the city of Las Vegas, (and state of Nevada) is, for all practical purposes, shut down.
So just out of curiosity, I checked on flights to Vegas tomorrow. We have 11 mostly empty flights tomorrow going from Dallas to Vegas. We have 8 mostly empty flights going to Vegas from LAX. Four from Chicago to Vegas. And Miami is showing 3 mostly empty flights to Vegas. I didn't bother the check other "hub to Vegas" flights.
Who's not making the easy decision to pair down these flights?
So just out of curiosity, I checked on flights to Vegas tomorrow. We have 11 mostly empty flights tomorrow going from Dallas to Vegas. We have 8 mostly empty flights going to Vegas from LAX. Four from Chicago to Vegas. And Miami is showing 3 mostly empty flights to Vegas. I didn't bother the check other "hub to Vegas" flights.
Who's not making the easy decision to pair down these flights?
03-19-2020, 11:18 AM
#44
Gets Weekends Off
Joined APC: Dec 2011
Posts: 224
Originally Posted by Slick111
So just out of curiosity, I checked on flights to Vegas tomorrow. We have 11 mostly empty flights tomorrow going from Dallas to Vegas. We have 8 mostly empty flights going to Vegas from LAX. Four from Chicago to Vegas. And Miami is showing 3 mostly empty flights to Vegas. I didn't bother the check other "hub to Vegas" flights.
Who's not making the easy decision to pair down these flights?
Who's not making the easy decision to pair down these flights?
03-19-2020, 04:59 PM
#46
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Joined APC: Mar 2014
Posts: 569
Originally Posted by Cicada
Last time, when the banks were collapsing into themselves, they were getting told to merge with others, or go out of business.
Dont be surprised to see some forced marriages of the weakest carriers into others. You could easily see JBlue, Alaska and others get forced marriages with larger carriers as a requirement of a bailout. It could get that bad.
Dont be surprised to see some forced marriages of the weakest carriers into others. You could easily see JBlue, Alaska and others get forced marriages with larger carriers as a requirement of a bailout. It could get that bad.
03-19-2020, 07:32 PM
#47
Line Holder
Joined APC: Sep 2015
Posts: 64
03-19-2020, 07:53 PM
#48
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Joined APC: Nov 2016
Posts: 2,465
I’m kinda done hearing about the buybacks. The more I learn about the cash on hand vs assets vs debt vs stock price, the more I think those complaining about the buybacks just don’t get it, and don’t want to.
But I get that the public is going to run with it.
But I get that the public is going to run with it.
03-20-2020, 05:39 AM
#49
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Joined APC: Feb 2007
Posts: 584
Wow that was an incredible article. Everyone should read that.
03-20-2020, 10:11 AM
#50
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Joined APC: Jan 2018
Posts: 2,240
Originally Posted by sanicom3205
The amount of gas I burned today alone, with almost no passengers, would pay my salary for a year. Gonna make furlough that much harder to stomach
Originally Posted by highfarfast
I’m kinda done hearing about the buybacks. The more I learn about the cash on hand vs assets vs debt vs stock price, the more I think those complaining about the buybacks just don’t get it, and don’t want to.
But I get that the public is going to run with it.
But I get that the public is going to run with it.
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