Bailout
 

Well, it’s been months since the bailout. I’m retired airline and find it unbelievable the government kept airlines afloat till the end of September....Really not sure why. Sure would’nt have happened in the 60’s and 70’s. The strong survive is the way it’s supposed to be but not anymore, I guess.

You airline boys don’t know how lucky you are !

No. He is correct. After this, I don't want to see a single ALPA article about government protectionism for any foreign airline.



We are very lucky to be crews in America. ALL across the world, crews have already been furloughed anywhere from 30-100%. Virgin Australia struggled and asked the Australian government for help. They were told to pound sand so off they went into receivership. Look at furloughs across the world, they are staggering. We are lucky we won't see that until Oct 1st.

I am VERY grateful.

Meh, using the government to build your airline is one thing, keeping critical infrastructure (ie freight moving) afloat during a crisis is another.

​​​​​​I can see your argument as it relates to NK, F9, Jblu, Sun C, Alligent though. Not sure why we all benefitted, but I'm very thankful.

Seems like apples and oranges, mostly.

It seems like apples and oranges, because it is apples and oranges. And Shyguy knows it. I don’t understand why he’s trying to correlate them as similar actions, but I don’t really care either, so there’s that.

Retired regional lifer just wants to see everybody fall.

Put down the bottle old man. If you’re actually retired 121 I assume you’re posting here because none of your ex wives will return your calls and your kids still don’t love you.

If you’re a troll then well done and enjoy your weekend.

This is a little ignorant to say the least. This was a government mandated shutdown that caused a 96% drop in demand. Many sections of the economy received a “bailout.” No business sits on enough cash to handle this, all liquidity markets were closed. The only way to get the economy moving was to either keep it open or flood it with cash. All companies have since been able to raise significant cash to the benefit of the entire economy.

AAL, UAL, and DAL would’ve furloughed 75% of their employees then probably still failed in that order. Some LCC’s would remain for domestic flying but our country and industry would’ve been devastated for decades. But yes...we all were lucky that there was a no furlough until October 1 clause. And the reason Virgin Australia is not being bailed out by a government is because they are not an Australian owned company. They have enough to worry about...why would they help Branson. Similar to how none of the foreign owned cruise lines received a bailout here.

You have to love how moronic this sounds. During the 60's and 70's all airlines were regulated to the point the government set the prices and guaranteed a certain profit for each airline. It limited who could compete on what routes to fly. The entire airline industry was being propped up by the government for over 40 years until deregulation hit in 78 and now those airlines had to actually compete and were not guaranteed a profit by the government. That is why we no longer have Western, Pan Am, Eastern, Braniff as they were all too bloated due to the government subsidizing them to compete with the upstarts.

Does no one understand the history of the industry that we all now work in?