Airline Pilot Central Forums

Quote:

Originally Posted by JungleBus (Post 1099246)

AMEX got something like $1B in bailout money in 2008...by becoming a bank just prior. They then turned around and gave Delta $1B in exchange for the right to loudly harass Delta customers in the terminals and have DAL flight attendants hawk credit cards over the PA like a carnival barker.

Yeah, DAL got taxpayer money, just indirectly.

You ain't seen nothing yet. Well over 100 trillion (not a misprint) of derivatives from BoA and others just got backstopped by, of all entities, the FDIC. We're going all in and we're going to lose, badly.

That's OK though, as like I said there will be winners and losers among the airlines. DL has the potential to be a dominant winner, but we teeter on the fulcrum with real leadership being the variable that will push us over to one side or another. We shall see.