We have seen cocky airlines complaining about subsidies to competing airlines, while they didn't save up anything themselves.
So now they should be given the opportunity to prove that they are as tough as they pretend to be and show us how it's done.
Grants and low interest loans can come once they file for bankruptcy protection.
So you want them to go Chapter 11 before
helping them? That just means their creditors, lessors and financers (amongst others) get screwed over.
What are you expecting businesses to save? Enough money to cover surviving while their whole business is unable to function for months on end with zero income?
When you apply for a loan, you are also expected to prove that you can go for a period without income, and/or you will have to take insurance covering income loss.
There shouldn't be a difference whether we're talking about a household that owns a house or an airline that owns 1000 aircraft.
It is absurd to bail out airlines that have posted record profits for the past fiscal year and distributed it all instead of keeping a reserve for contingencies.
So first, airlines should be given the opportunity to fix this by themselves, and only step in when they push the panic button. The good housefather rule applies to all.
Let's also not forget that their earnings are not the only thing that airlines have distributed. In fact, had airlines worldwide taken their responsibility and coordinated a global grounding 2 months ago, they wouldn't have distributed the virus either and would have gone back to business as usual by now.
I don't think that they should be rewarded for putting billions of people at risk, no way jose. Most of us now worldwide face income loss to some extent and our lives are put upside down with limitations to our liberties because of airlines' irresponsible behavior.
Airlines really behaved irresponsibly before and during this crisis, let that be clear.
We need to save the jobs across all industries, but airlines should be shown that irresponsible behavior has consequences.
Last edited by Waterbomber2
on Tue Mar 17, 2020 7:27 pm, edited 3 times in total.