When will Uncle Sam step in and bail out the airlines?

[kmiklas]

So pretty much everyone I know is getting home and staying put.

CV has me so petrified that I will not fly, my children are forbidden to fly, and my unborn grandchildren will not fly for five years after they arrive.

Remember that word? "Bailout?" Brings back memories, doesn't it?

When Uncle Same bail out the airline industry? Before end of March? April? Summertime?

C'mon Uncle Sam... the airlines are in free-fall... BAIL THEM OUT. QUICKLY!!!

 

[murray t turtle]

So pretty much everyone I know is getting home and staying put.
CV has me so petrified that I will not fly, my children are forbidden to fly, and my unborn grandchildren will not fly for five years after they arrive.

Remember that word? "Bailout?" Brings back memories, doesn't it?
When Uncle Same bail out the airline industry? Before end of March? April? Summertime?
C'mon Uncle Sam... the airlines are in free-fall... BAIL THEM OUT. QUICKLY!!!

%%
I don't think they will;
since it sounded like they were crying to the FED, since he noted /rate cut for travel industry.That was a disgrace to pay farmers to help with dumb tariffs. DAL has good customer service; but stupid idea of DAL ceo on the billion bucks buy of carbon credits.......................................,

 

[Cuddles]

are they too big to fail? Let the Chinese buy them out, they're flush w/cash.

 

[Clubber Lang]

Add the cruise lines to the bailout also.

 

[FriskyCat]

So pretty much everyone I know is getting home and staying put.

CV has me so petrified that I will not fly, my children are forbidden to fly, and my unborn grandchildren will not fly for five years after they arrive.

Remember that word? "Bailout?" Brings back memories, doesn't it?

When Uncle Same bail out the airline industry? Before end of March? April? Summertime?

C'mon Uncle Sam... the airlines are in free-fall... BAIL THEM OUT. QUICKLY!!!

"The name of the game is bailout".

5 gold stars if you can cite the quotation.

 

[iprph90]

How 'bout Corona beer.
CNN tweeted out a survey saying 38% of Americans wouldn’t buy Corona beer

 

[zdreg]

The bank bailout of 2008 is the precedent and is example of moral hazard. An airline bailout would be one more example of a downward path of capitalism in the US.

 

[Sig]

If the airlines weren't bailed out after 9/11 then it's unlikely now. You all remember 9/11 right, although I don't know why anyone cared because fewer than 3,000 people died and more than 30,000 people die of the flu each year (yes, that was meant to be sarcastic but everyone think about it next time you think about saying "but....flu")

 

[Cuddles]

If the airlines weren't bailed out after 9/11 then it's unlikely now. You all remember 9/11 right, although I don't know why anyone cared because fewer than 3,000 people died and more than 30,000 people die of the flu each year (yes, that was meant to be sarcastic but everyone think about it next time you think about saying "but....flu")

you make it sound like we have a principled Senate

 

[Sig]

you make it sound like we have a principled Senate

They're not principled but they are somewhat predictable. We perform a darwinian selection process called elections that very effectively selects for people who are able to determine the size and power of the various constituencies who vote for and against them. While we may rightly make fun of "political science" as a discipline, there actually is a pretty deeply researched field in business studying so-called "non-market forces" and it's actually relatively easy to predict the outcomes of issues exactly like this one.
In 2008 the housing market actually personally impacted the vast majority of Americans, and the auto industry which at least impacted a close friend of nearly everyone in enough states to form a voting block (with suppliers to the industry making up as much or more of the picture as the automakers themselves). In both cases, these individuals were looking at life-changing impacts to their financial well-being as well as long-term economic impact to their entire state. That combination of critical mass of people impacted and depth of impact leads to political action. Airlines....not so much. How many people have close friends in the airline industry and how focused are these groups in a large enough group of specific states? If United failed would it really be a sucker punch to Denver or Chicago or Houston like the failure of GM AND Chrysler would have been to the rust belt? Not a critical mass of people or a critical geographical mass. I could well be wrong, it is just an informed prediction after all, but it seems far less likely then the 2008 bailouts did. These types of predictions are of course more difficult when you have a narcissist with the intelligence and thought processes of a middle schooler holding the Republican party in some kind of bizarre thought-resistant trance.