Bailout Grant Strings Are Too Much
04-14-2020, 10:15 AM
#62
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Joined APC: Aug 2019
Posts: 1,188
Originally Posted by Chief Brody
Oh that boutique airline. The one that placed one of the biggest Airbus orders in the history of the industry? How nifty
just messing with you.
04-14-2020, 10:42 AM
#64
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Originally Posted by FNGFO
Sunny and the like is what he was hinting at imoho.
Airplane orders don't count for anything in that regard, unless they constitute a significant financial obligation (some do, some don't).
04-14-2020, 12:49 PM
#65
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Posts: 189
US airlines, Treasury Department reach agreement in principle on aid
https://www.cnbc.com/2020/04/14/coro...pyToPasteboard
https://www.cnbc.com/2020/04/14/coro...pyToPasteboard
04-14-2020, 12:56 PM
#66
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Joined APC: May 2018
Posts: 171
Originally Posted by rickair7777
Different era, the big airlines are now too big to be allowed to become the plaything of guys like that.
If you're some private regional or boutique ULCC, then yeah it could happen.
If you're some private regional or boutique ULCC, then yeah it could happen.
04-14-2020, 04:41 PM
#67
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Originally Posted by RAHkid94
Weren’t you staunchly defending the United stock buy backs a few weeks ago when people were criticizing them for blowing their cash reserves?
04-14-2020, 05:41 PM
#68
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Posts: 171
So is it this?
or is it this?
Originally Posted by rickair7777
Different era, the big airlines are now too big to be allowed to become the plaything of guys like that.
If you're some private regional or boutique ULCC, then yeah it could happen.
If you're some private regional or boutique ULCC, then yeah it could happen.
He's correct, if an airline's stock is low it makes obvious sense for management to buy it up... if they want to stay as management.
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.
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.
04-14-2020, 05:59 PM
#69
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,292
Originally Posted by RAHkid94
So is it this?
or is it this?
or is it this?
Wow, your google-fu is excellent.
The answer is that it depends on which airline you're talking about, and the specific circumstances. And the context... which those posts do not have in common.
I have no idea what point you're trying to make, out with it please...
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