They are really bailing out the shareholders, not the airlines.
These same airlines have spent $45 billion on stock buybacks in recent years. Before they come asking the feds to bail out their shareholders’ portfolios, they should get that $45billion as a loan, with their stock as collateral.
What do they think they are, banks?
I would prefer that the Federal Government buy some pre-paid (transferable and non-exipring) travel on the cheap to be redeemed at a future date. That way the airlines get some needed revenue but will have to pay it back in the form of honoring these travel coupons.
This topic was automatically closed after 5 days. New replies are no longer allowed.
