PSP 2.0; is it gonna happen?
10-23-2020, 07:32 PM
#571
Gets Weekends Off
Joined APC: Aug 2007
Posts: 2,002
Originally Posted by highfarfast
I think that's going to be the narrative unfortunately. International travel will be down for a while which will hurt the big 3 far more than anyone else. But since Southwest/Jetblue/Spirit don't need help, then no one does.
Both Gary Kelly (SWA) and Robin Hayes (Jetblue) were in DC a few weeks ago asking for clean extension of the PSP. To say that those three airline no longer need or want help is a stretch.
10-23-2020, 07:40 PM
#572
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,534
Originally Posted by nuball5
Both Gary Kelly (SWA) and Robin Hayes (Jetblue) were in DC a few weeks ago asking for clean extension of the PSP. To say that those three airline no longer need or want help is a stretch.
Who WOULDN’T want free money?
10-24-2020, 03:54 AM
#573
Gets Weekends Off
Joined APC: Aug 2007
Posts: 2,002
Originally Posted by Excargodog
He said ‘need’ not ‘need or want.’
Who WOULDN’T want free money?
Who WOULDN’T want free money?
Ughhhhh an airline that believes they are ready to go back to normalcy and doesn’t want its competitors to get additional grant money. If they’re begging for money in Washington, they obviously see a need for it. It’s not like they were in DC for other business as well. You could easily plead for an extension of the PSP over video, if it wasn’t a high priority for you.
10-24-2020, 05:49 AM
#574
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,322
Originally Posted by nuball5
Ughhhhh an airline that believes they are ready to go back to normalcy and doesn’t want its competitors to get additional grant money. If they’re begging for money in Washington, they obviously see a need for it. It’s not like they were in DC for other business as well. You could easily plead for an extension of the PSP over video, if it wasn’t a high priority for you.
If the big-3 shed 70% of their widebodies and knock NB CA/FO down to $200/$120 even the LCC's will lose their edge.
10-27-2020, 07:51 PM
#575
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
Senate adjourned until November 9.
https://news.yahoo.com/mitch-mcconne...k=tw&tsrc=twtr
https://www.businessinsider.com/sena...ferrer=twitter
https://news.yahoo.com/mitch-mcconne...k=tw&tsrc=twtr
https://www.businessinsider.com/sena...ferrer=twitter
10-27-2020, 10:00 PM
#576
Gets Weekends Off
Joined APC: Nov 2006
Posts: 492
The pandemic has ended! No need for the money. Congrats everyone!!!
https://www.forbes.com/sites/tommybe...ccomplishment/
https://www.forbes.com/sites/tommybe...ccomplishment/
10-27-2020, 10:19 PM
#577
Gets Weekends Off
Joined APC: May 2018
Posts: 171
Originally Posted by atooraya
The pandemic has ended! No need for the money. Congrats everyone!!!
https://www.forbes.com/sites/tommybe...ccomplishment/
https://www.forbes.com/sites/tommybe...ccomplishment/
11-20-2020, 06:46 AM
#578
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
https://www.bloomberg.com/news/artic...nomy-struggles
Mnunchin seeks the money to be returned...
Mnunchin seeks the money to be returned...
Now, Mnuchin wants some of the money back, arguing many markets are no longer at risk of seizing up and so don’t need further aid beyond next month. In his sights are facilities which sought to ease corporate credit and municipal-borrowing and also offered loans to small and medium-sized businesses. He asked that four other programs be kept in place for an additional 90 days.
“Financial conditions are quite strong,” Mnuchin said in an interview. “The good news is, the markets have recovered significantly,” he said. Companies don’t need more loans, and instead require more grant money, which requires action from Congress, he said.
“Financial conditions are quite strong,” Mnuchin said in an interview. “The good news is, the markets have recovered significantly,” he said. Companies don’t need more loans, and instead require more grant money, which requires action from Congress, he said.
11-20-2020, 06:51 AM
#579
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,322
Originally Posted by senecacaptain
11-20-2020, 08:41 AM
#580
Perennial Reserve
Joined APC: Jan 2018
Posts: 11,534
Just my guess, but I think the longer this goes without passing the less likely it is that it will ever be passed. More and more congresspeople are going to assume that either the vaccine is going to fix everything or that the bankruptcy of a few airlines are going to be the least of the country’s problems.
That sounds simplistic, I know, but we are talking Congress here.
That sounds simplistic, I know, but we are talking Congress here.
Thread
Thread Starter
Forum
Replies
Last Post
