United Airlines To Washington: Bail Us Out Or We Lay Off Workers; Delta Ends Stock Buybacks And Dividend
The group called for the federal government to provide $25 billion in grants to passenger carriers and $4 billion for cargo carriers; $25 billion in unsecured loans or loan guarantees to passenger carriers and $4 billion to cargo carriers; and relief from 2020 excise taxes. “This is a today problem, not a tomorrow problem. It requires urgent action,” said A4A President and CEO Nicholas E. Calio.
Analysts at JPMorgan Chase said earlier Monday that they don’t see insolvency as likely for any U.S. airlines based on a liquidity analysis they conducted over the weekend.
Take every fkng cent in compensation for the last 10yrs back from the executives and fire them ... first. And then fire the fkn board.
Let them sell to someone that can afford to run the airline. They are not entitled to be in business.
Did I hear they are flying empty planes on their routes?
No Major US industry should get anything other than a loan. They squandered a huge tax cut. They mismanaged that. Why would anyone other than industry execs & the 1% want to give them anything?
Sell your treasury stock. Seriously. That’s where you spent your earnings anyway.
stop taking fat remuneration. Execs live on public money.
The audacity keeps on climbing.
Nationalize the airlines. At least imminent domain the CEOs.
Well if everybody’s dead then the airlines won’t matter much will they? All those baggage fees, change fees and stock buybacks are really the airlines fault and not the public’s.
how about they stop flying all these overseas flights until this is over with.
and the tax credits that became stock buybacks ... just vanished.
Do not bail them out. baggagefees