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[Stocks Make Small Gain for the Week]
03-06-2020 | 07:31 AM
#1
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Gets Weekends Off
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From: 767/757 CA
[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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From: 767 FO
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
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Joined: Feb 2011
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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: Mar 2016
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From: Here and there
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: Jul 2018
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The pilots that get angry that the government is unfairly taxing their salaries go screaming to the unions when the company messes with them. Have your cake and eat it too, much?
03-07-2020 | 04:30 PM
#10
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