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Originally Posted by highfarfast
(Post 3000550)
True this. And I'd like to add that government mandated bans are part of the cause of the current financial situation in the airline industry so government should have a hand in reparation.
I'm not sure it will happen though. From what I can tell on non-aviation centered commentary, the general public is sour on the idea of 'bailouts' and while we'll say this isn't the same thing, it's what THEY will see... along with their image of a rich, spoiled, entitled pilots who deserves no help. they see billion dollar profit sharing checks. then, after a week of crisis, already asking for $50B+ in aid. it’s not hard to see why the public would be sour on this idea. remember, perception is reality. |
Originally Posted by JTwift
(Post 3000584)
the general public sees an industry that has made every decision to make travel more and more miserable. Seats too close. Charging for every single thing. Change fees, etc
they see billion dollar profit sharing checks. then, after a week of crisis, already asking for $50B+ in aid. it’s not hard to see why the public would be sour on this idea. remember, perception is reality. |
Originally Posted by Slaphappy
(Post 3000571)
You don't know what socialism then.
Either way this house of cards will fall one day, sooner rather than later. We'll be worse off than Greece, especially since we won't have some childless chancellor I'm Germany to bail us out. |
If the airlines weren’t spending all their money on avocado toast, maybe they’d have reserves for a rainy day.
https://www.bloomberg.com/news/artic...buybacks-chart |
Originally Posted by rickair7777
(Post 3000399)
Better to ask early, manage expectations.
Airlines (like banks) are key infrastructure, economic aid is inevitable. I don't use the term "bailout" because this is not like the situation with the banks, who set themselves up to fail and then got bailed out by the taxpayers. Airlines are strictly victims in this, no fault that I can see... most of them are pretty solvent in terms of normal economic cycles. |
As I said before, why SHOULDN'T we get this financial assistance when we are bound by the RLA?
Since we are deemed essential to the nations economy be being bound by that act, we sure as hell should get the benefits from it |
Originally Posted by Bahamasflyer
(Post 3000732)
As I said before, why SHOULDN'T we get this financial assistance when we are bound by the RLA?
Since we are deemed essential to the nations economy be being bound by that act, we sure as hell should get the benefits from it |
Originally Posted by Slaphappy
(Post 3000571)
You don't know what socialism then.
Either way this house of cards will fall one day, sooner rather than later. We'll be worse off than Greece, especially since we won't have some childless chancellor I'm Germany to bail us out. |
Originally Posted by Bahamasflyer
(Post 3000732)
As I said before, why SHOULDN'T we get this financial assistance when we are bound by the RLA?
Since we are deemed essential to the nations economy be being bound by that act, we sure as hell should get the benefits from it Its clear to me they need to default on some of their loans, and increase their cost of borrowing in the future, which will increase the opportunity cost of stock buybacks. Banks need to stop lending low interest money to airlines, higher interest will change their behavior and decisions. Converting a loan to equity in your business, and then asking for a bailout does not change behavior. Would you payoff your kids credit card if he had no plans to change his behavior. |
Originally Posted by cezzna
(Post 3000411)
The FED suspended the rule that banks have 10% reserves, and the FED was the only buyer of the recent 30 year bond auction. The FED will bail everyone out, Smoke and mirrors now.
Not everyone. Just the big boys. |
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