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[Stocks Make Small Gain for the Week]
03-06-2020, 07:31 AM
#1
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Joined APC: Jun 2007
Position: 767/757 CA
Posts: 2,609
[Stocks Make Small Gain for the Week]
Stocks cut losses as airlines rebound sharply on potential stimulus
Friday's declines came as the benchmark 10-Read in CNBC: https://apple.news/AgLKWRCHsTQGwXc4w55sryA
Friday's declines came as the benchmark 10-Read in CNBC: https://apple.news/AgLKWRCHsTQGwXc4w55sryA
Last edited by rickair7777; 03-08-2020 at 06:20 AM. Reason: Title Accuracy
03-06-2020, 11:39 AM
#3
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Joined APC: Jan 2008
Position: 767 FO
Posts: 396
Too big to fail?
Wait a second, I thought the airlines were too big to fail?
They were just making BILLIONS in profits. What did they do with all that money? They didn’t reinvest all that money back into stock buybacks, did they?
The corona virus ain’t going away. It’ll run its course through the rest of the year, will fizzle down a bit, and come back for a second pass later this year or early next year. This will happen for many years. No amount of quantitative easing from the fed or corporate socialism in the form of taxpayer funded bailouts will be able to undue the damage, in my opinion.
I do think this will expedite discussion about breaking up the larger carriers. That would help solve the “too big to fail” problem. Maybe this would be initiated by the respective BODs at the airlines or, possibly, by the government. Or, because air travel demand is rapidly waning and the airlines, at least the legacy carriers, are looking at strong retirement numbers, they could rapidly shrink by not hiring to replace retirements and just allow mass retirements as a natural form of downsizing.
They were just making BILLIONS in profits. What did they do with all that money? They didn’t reinvest all that money back into stock buybacks, did they?
The corona virus ain’t going away. It’ll run its course through the rest of the year, will fizzle down a bit, and come back for a second pass later this year or early next year. This will happen for many years. No amount of quantitative easing from the fed or corporate socialism in the form of taxpayer funded bailouts will be able to undue the damage, in my opinion.
I do think this will expedite discussion about breaking up the larger carriers. That would help solve the “too big to fail” problem. Maybe this would be initiated by the respective BODs at the airlines or, possibly, by the government. Or, because air travel demand is rapidly waning and the airlines, at least the legacy carriers, are looking at strong retirement numbers, they could rapidly shrink by not hiring to replace retirements and just allow mass retirements as a natural form of downsizing.
03-06-2020, 11:42 AM
#4
Gets Weekends Off
Joined APC: Feb 2011
Posts: 1,327
Originally Posted by The Duke
Wait a second, I thought the airlines were too big to fail?
They were just making BILLIONS in profits. What did they all do with that money? They didn’t reinvest all that money back into stock buybacks, did they?
The corona virus ain’t going away. It’ll run its course through the rest of the year, will fizzle down a bit, and come back for a second pass later this year or early next year. This will happen for many years. No amount of quantitative easing from the fed or corporate socialism in the form of taxpayer funded bailouts will be able to undue the damage, in my opinion.
I do think this will expedite discussion about breaking up the larger carriers. That would help solve the “too big to fail” problem. Maybe this would be initiated by the respective BODs at the airlines or, possibly, by the government.
They were just making BILLIONS in profits. What did they all do with that money? They didn’t reinvest all that money back into stock buybacks, did they?
The corona virus ain’t going away. It’ll run its course through the rest of the year, will fizzle down a bit, and come back for a second pass later this year or early next year. This will happen for many years. No amount of quantitative easing from the fed or corporate socialism in the form of taxpayer funded bailouts will be able to undue the damage, in my opinion.
I do think this will expedite discussion about breaking up the larger carriers. That would help solve the “too big to fail” problem. Maybe this would be initiated by the respective BODs at the airlines or, possibly, by the government.
03-06-2020, 09:39 PM
#7
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Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by SonicFlyer
FAKE NEWS!
Article posted in OP says nothing about a bailout or stimulus
Article posted in OP says nothing about a bailout or stimulus
Directly from the article...
“Airline stocks rebounded slightly, providing the broad market some cushion, after chief economic advisor Larry Kudlow said the White House is considering "targeted measures" to offset the negative impact on the industry from the coronavirus outbreak. United Airlines jumped 2%, while Delta Air Lines rose 1%.”
03-07-2020, 04:26 PM
#9
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Joined APC: Jul 2018
Posts: 145
Originally Posted by Packrat
How many MAGA pilots approve of this as long as it prevents furloughs? Pretty much all of them...hypocrites.
03-07-2020, 04:30 PM
#10
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Joined APC: Nov 2019
Posts: 170
Originally Posted by Packrat
How many MAGA pilots approve of this as long as it prevents furloughs? Pretty much all of them...hypocrites.
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