US Airlines’ Request $50 Billion Bailout
03-17-2020, 06:26 AM
#41
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,418
Originally Posted by iHateAMR
Bernie is high risk, surprised he’s not holed up in some cave.
03-17-2020, 06:45 AM
#43
Gets Weekends Off
Joined APC: May 2018
Posts: 171
Originally Posted by AllYourBaseAreB
Whether it’s loans or an actual bailout, saving the airline saves 500k good paying jobs. As a side effect, the industry is vital to millions of more jobs around the country. 50 billion is well worth it, and hopefully will get paid back
03-17-2020, 06:49 AM
#44
Gets Weekends Off
Joined APC: Jul 2015
Position: MD-88 FO
Posts: 1,558
Originally Posted by RAHkid94
I’m fine with a bailout with the caveat being that going forward airlines have to have a years worth of operating expenses in liquid capital before they can start blowing money on stock buybacks.
03-17-2020, 07:04 AM
#45
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,815
Originally Posted by OOfff
what does the German chancellor’s childlessness have to do with anything?
03-17-2020, 07:05 AM
#46
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,815
Originally Posted by ShyGuy
This isn't a socialism case. The government is directly prohibiting the airlines from operating (to Europe, to parts of Asia). That is a direct financial hit on the airlines and their bottom line. Now the government is forcing people with curfews and to stay in place for several weeks with everything outside closed except essential services. This again hurts the airlines. So if the government is making rules/changes that are directly affecting and hurting the airlines, then they should bail them out from their own self-created mess.
03-17-2020, 07:09 AM
#48
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,292
Originally Posted by Myfingershurt
Then any corporate raider with any sense will buy said airlines, sell off the tangibles and runaway with trucks full of cash. Unless you have cash hoards like Microsoft, Apple, or Alphabet, and Amazon, keeping that kind of cash on hand is dangerous. This is not your personal household finances you’re talking about. The same rules don’t apply.
Much as we like to complain about our managers, most of them at least are interested in running airlines... you cannot same the same for the corporate raiders. Holding a lot of cash while your stock is low or modestly priced is a very bad idea, the vampires can smell that blood.
Airline financial aid (not "bailouts") is a legit and necessary action to preserve a vital infrastructure system and economic enabler. The airlines bear zero fault for this situation, and cannot reasonably be expected to have cash on hand to handle many months of shutdown or near-shutdown. Unlike many other industries airlines have very high fixed costs which cannot be readily downshifted.
Remember that when the banks got bailed out, they were the ones who created the whole mess in the first place. We are not that.
Last edited by rickair7777; 03-17-2020 at 07:20 AM.
03-17-2020, 08:05 AM
#49
Gets Weekends Off
Joined APC: Mar 2015
Posts: 1,106
Originally Posted by rickair7777
Remember that when the banks got bailed out, they were the ones who created the whole mess in the first place. We are not that.
I’m not saying it’s absolutely correct or rational, but you saw how public sentiment turned against the banking and auto industry after the last bailouts. That could very well happen to us in the future.
03-17-2020, 08:43 AM
#50
Line Holder
Joined APC: Jun 2012
Position: trying to get ahead
Posts: 73
Originally Posted by JulesWinfield
Why are workers expected to be able to survive off 6+ months of no income, but a giant airline isn't? They're freerolling bad business decisions with tax payer dollars. Meanwhile, their workers are the ones who lose their houses and life savings.
Thread
Thread Starter
Forum
Replies
Last Post
