zlacker

You mean like American Airlines that had a profit of $7.6 billion in 2015, and didn't save dollar one for a rainy day? Instead, it bought back $15 billion worth of stock over six years while raising fees and shrinking seats?

“I don’t think we’re ever going to lose money again,” -Doug Parker, American Airlines CEO, 2017.

Let 'em fail.

>>reaper+(OP)
Letting them all fail would do more harm to others than warranted.

But letting the weakest one fail as a warning to the others that the bailouts are over and perhaps they should learn to save against rainy days isn't the worst idea.

>>_jal+q5
If they fail and there’s a market for flights their assets will be bought and operated by someone else. Let them fail.

Given climate change, air travel is not a public good we should be prioritising.

>>_jal+q5
Letting them all fail would do more harm to others than warranted.

"Too big to fail?" We fell for that once before.

>>_jal+q5
If that's the case, if they are that necessary for society, then nationalization should be on the table.

>>_jal+q5
You let them fail and wipe out the shareholders. Let the shareholders cover debts. Forgive the rest of the debt. Wipe out the management team as well.

Airline comes out nimble and debt free. Average Joe still has airline competition. Shareholders get wiped out, but that’s the risk you run for yield.

>>reaper+Ba
...and it was true then

>>_jal+q5
The government buys the airlines after they declare bankruptcy. Sell them to the highest bidder when the market recovers.