US Airlines’ Request $50 Billion Bailout
#11
Gets Weekends Off
Joined APC: Feb 2017
Posts: 1,280
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.
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.
#12
Gets Weekends Off
Joined APC: Nov 2016
Posts: 2,465
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.
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.
#13
Gets Weekends Off
Joined APC: Sep 2016
Posts: 6,716
what does the German chancellor’s childlessness have to do with anything?
#14
Gets Weekends Off
Joined APC: Nov 2006
Posts: 492
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
https://www.bloomberg.com/news/artic...buybacks-chart
#15
Gets Weekends Off
Joined APC: May 2018
Posts: 171
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.
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.
#16
Gets Weekends Off
Joined APC: Sep 2017
Posts: 627
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
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
#17
Gets Weekends Off
Joined APC: Jan 2016
Posts: 529
#18
On Reserve
Joined APC: Aug 2013
Posts: 19
Maternity leave, basic healthcare or school lunches, socialism....50 billion for airlines, 2 trillion for banks...capitalism. Got it.
#19
Gets Weekends Off
Joined APC: Sep 2016
Posts: 774
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.
#20
Gets Weekends Off
Joined APC: Mar 2015
Posts: 963
Thread
Thread Starter
Forum
Replies
Last Post