cactipilot

https://www.nytimes.com/2020/03/16/o...sultPosition=1

Do you all think a bailout will come quickly and graciously? Or the opposite?

AllYourBaseAreB

We are practically utilities. They will support the industry

Chimpy

You think they are really deserved?


https://www.bloomberg.com/news/artic...buybacks-chart

daOldMan

Who cares what we think about them? If it were not for the bailouts, the airlines would be shut down and go bankrupt, the economy would collapse as a result, everyone in the country would be worse off. We would all be out of jobs.

We take the money, do the best job that we can to make sure that the money that was entrusted in us was not wasted, and we move forward.

FNGFO

I generally loathe buybacks, but you’d be laughed out of the building if you suggested to the C suite of any industry that they keep enough cash on hand to survive 3-4 months of instantaneous mass panic leading to 60-70-80% of their customer base abandoning their product with the very real possibility that the government would shut them down altogether for an extended period.

That may may be the new gold standard of a healthy airline going forward, but it would be unheard of in January of this year.

R57 relay

No, I don't think they are deserved. US major airlines, like many US companies were sucked into the cheap debt/stock buyback debacle. The public and airline employees will pay the price. But, should interest rates have been this low for so long? Questions beyond me.

Our leaders will have to answer whether to save us or not, but we will pay a price. You know that "It's Time" lanyard? Yeah, might want to get what you can for it on ebay.

I had a strong distaste for stock buybacks after Stephen Wolf bought back about 1.9 billion of US Airways stock only to see it go poof, along with my pension.

Parker and Kerr did the US investment into auction rate securities back in, what 2008-09? That was only about half a billion.

At least they learned that cash was king and kept about 7 billion on hand, but that might be chump change with what we are seeing.

SonicFlyer

This is sarcasm, right?

Chimpy

well said. Can’t argue with that.

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.

CVGair

Spit my fake teeth out funny, if airlines are needed than private money will fund them, end of story. For the past 11 years people have been flying cheaper than driving. Thats right cheaper for the convenience of flying. All of the legacies will declare BK and private money will then invest, rinse repeat. As previous stated during BK reign in the regionals, B scale, all one American family, stop the insanity, show some pride. Make up for the mistakes of past "leaders" giving up scope, enough is enough.