Thread: Airlines want a bailout
03-17-2020, 12:32 PM
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#61
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Okay son. Next time you want to fly dont complain when you dont have any options.
This COVID malarky is seriously affecting airlines. They can go bankrupt. They arent charities either. Everyone with 2 braincells knows this virus will blow over in a few months. Why take the loss of potentially going bust?
This COVID malarky is seriously affecting airlines. They can go bankrupt. They arent charities either. Everyone with 2 braincells knows this virus will blow over in a few months. Why take the loss of potentially going bust?
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03-17-2020, 12:34 PM
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#62
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Originally Posted By LieutenantGains⏩
The services they provide are necessary for the country to function. And airlines provide 10 million related jobs in America.Nobody “requires” a bailout. The great thing about capitalism is if you fail, you fail. Maybe they should have put those $40 bag fees and tax cuts into savings instead of stock buybacks.
You're delusional if you believe the US government is going to allow 10 million people to lose their jobs with the snap of a finger and suspend all commercial air travel indefinitely... Until some other company can get up and running.
This isn't even about the companies themselves or the failure to manage their money properly. Its about the fall-out if they fail. The government will bail them out.
03-17-2020, 12:39 PM
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#63
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Originally Posted By guest89⏩
He's going to take a train to Europe, brah. He's got it all figured out.The services they provide are necessary for the country to function. And airlines provide 10 million related jobs in America.
You're delusional if you believe the US government is going to allow 10 million people to lose their jobs with the snap of a finger and suspend all commercial air travel indefinitely... Until some other company can get up and running.
This isn't even about the companies themselves or the failure to manage their money properly. Its about the fall-out if they fail. The government will bail them out.
You're delusional if you believe the US government is going to allow 10 million people to lose their jobs with the snap of a finger and suspend all commercial air travel indefinitely... Until some other company can get up and running.
This isn't even about the companies themselves or the failure to manage their money properly. Its about the fall-out if they fail. The government will bail them out.
The closer we approach the uncertainty of life's ending the more we wish to trade all of the things we have acquired in exchange for all of the things we have lost: wealth for youth, knowledge for fresh curiosity, resignation for hope. We'd trade our wisdom for new experiences, but it is wisdom that will teach us that at the end of the road the only new experience is death.
03-17-2020, 12:40 PM
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#64
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Originally Posted By guest89⏩
I think the problem people are having with the ideal of a bailout is the LAST time the government offered a bailout (Big banks after the 2008 financial crisis), the first thing those *******s did was payout MILLIONS of dollars in bonuses to the C-Level execs while simultaneously laying off thousands of lower tier people. One of the most disgusting things i witnessed in my adult life.The services they provide are necessary for the country to function. And airlines provide 10 million related jobs in America.
You're delusional if you believe the US government is going to allow 10 million people to lose their jobs with the snap of a finger and suspend all commercial air travel indefinitely... Until some other company can get up and running.
This isn't even about the companies themselves or the failure to manage their money properly. Its about the fall-out if they fail. The government will bail them out.
You're delusional if you believe the US government is going to allow 10 million people to lose their jobs with the snap of a finger and suspend all commercial air travel indefinitely... Until some other company can get up and running.
This isn't even about the companies themselves or the failure to manage their money properly. Its about the fall-out if they fail. The government will bail them out.
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03-17-2020, 12:43 PM
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#65
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Originally Posted By W1LLW⏩
This, they will do it again in a heartbeat.I think the problem people are having with the ideal of a bailout is the LAST time the government offered a bailout (Big banks after the 2008 financial crisis), the first thing those *******s did was payout MILLIONS of dollars in bonuses to the C-Level execs while simultaneously laying off thousands of lower tier people. One of the most disgusting things i witnessed in my adult life.
03-17-2020, 12:45 PM
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#66
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lol you guys are hilarious...
you make it seem like these privately held companies are forcefully having all their flights cancelled and are on the brink of bankruptcy loool.
"such high overhead man, operating at a loss bro" 1) i think you guys mean operating costs and not overhead, 2) look up the sec filings and tell me DAL's pretax earnings for the past 5 years. such loss much "overhead" lmao.
Delta is sitting at a 4% cancellation rate on flights today... my god you guys will eat dog**** up with a spoon.
you make it seem like these privately held companies are forcefully having all their flights cancelled and are on the brink of bankruptcy loool.
"such high overhead man, operating at a loss bro" 1) i think you guys mean operating costs and not overhead, 2) look up the sec filings and tell me DAL's pretax earnings for the past 5 years. such loss much "overhead" lmao.
Delta is sitting at a 4% cancellation rate on flights today... my god you guys will eat dog**** up with a spoon.
03-17-2020, 12:50 PM
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#67
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My flights to LA from UK are obviously cancelled due to the travel ban
Am I entitled to a refund?
Am I entitled to a refund?
03-17-2020, 12:52 PM
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#68
Originally Posted By LieutenantGains⏩
socialism for the super rich corporationsThis is straight up socialism. I don’t want MY TAX DOLLARS going to your failed business that couldn’t prepare for a recession.
failed capitalism for average joe
03-17-2020, 12:53 PM
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#69
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Originally Posted By MiniManletBrah⏩
A full refund or you can change the dates free of cost.My flights to LA from UK are obviously cancelled due to the travel ban
Am I entitled to a refund?
Am I entitled to a refund?
Sipping tea B.C.
*E17 crew
03-17-2020, 12:54 PM
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#70
03-17-2020, 12:55 PM
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#71
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I am currently in flight training. Was going to start my commercial pilot training soon.
Guess my tour is over before it even began.
Guess my tour is over before it even began.
03-17-2020, 12:55 PM
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#72
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Originally Posted By exxtracool⏩
I feel like the lol here is your lack of basic knowledge. 4% cancellations mean they're running 96% of their flights almost empty. This is the loss I literally just explained to you, and you tried to use it as a point FOR your argument. Yes, I meant operating costs AND overhead. Once again, you're proving your own lack of knowledge here.lol you guys are hilarious...
you make it seem like these privately held companies are forcefully having all their flights cancelled and are on the brink of bankruptcy loool.
"such high overhead man, operating at a loss bro" 1) i think you guys mean operating costs and not overhead, 2) look up the sec filings and tell me DAL's pretax earnings for the past 5 years. such loss much "overhead" lmao.
Delta is sitting at a 4% cancellation rate on flights today... my god you guys will eat dog**** up with a spoon.
you make it seem like these privately held companies are forcefully having all their flights cancelled and are on the brink of bankruptcy loool.
"such high overhead man, operating at a loss bro" 1) i think you guys mean operating costs and not overhead, 2) look up the sec filings and tell me DAL's pretax earnings for the past 5 years. such loss much "overhead" lmao.
Delta is sitting at a 4% cancellation rate on flights today... my god you guys will eat dog**** up with a spoon.
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03-17-2020, 12:56 PM
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#73
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Originally Posted By W1LLW⏩
dude, you do know that General Motors and Bank of America paid back the Tarp money with interest...right?I think the problem people are having with the ideal of a bailout is the LAST time the government offered a bailout (Big banks after the 2008 financial crisis), the first thing those *******s did was payout MILLIONS of dollars in bonuses to the C-Level execs while simultaneously laying off thousands of lower tier people. One of the most disgusting things i witnessed in my adult life.
(these are my opinions i am not a licensed broker by trade)
03-17-2020, 01:01 PM
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#74
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Originally Posted By VegasLifter26⏩
I didn't, but I also wasn't speaking about either entity.dude, you do know that General Motors and Bank of America paid back the Tarp money with interest...right?
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03-17-2020, 01:02 PM
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#75
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Originally Posted By Jayl12345⏩
so 4% of delta flights being cancelled = 96% of their flights are almost empty? youre going to have to explain that one to me Mr. Industry Expert..I feel like the lol here is your lack of basic knowledge. 4% cancellations mean they're running 96% of their flights almost empty. This is the loss I literally just explained to you, and you tried to use it as a point FOR your argument. Yes, I meant operating costs AND overhead. Once again, you're proving your own lack of knowledge here.
if that is what you meant, tell me what DALs operating and overhead expenses were for 2019 lol, also tell me what their gross revenue and pretax earnings were bro.
03-17-2020, 01:04 PM
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#76
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Originally Posted By VegasLifter26⏩
what would be the interest rate on these bailouts if they are going to be handed out?dude, you do know that General Motors and Bank of America paid back the Tarp money with interest...right?
03-17-2020, 01:10 PM
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#77
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Originally Posted By exxtracool⏩
i would have to do some digging as the media doesnt make it easy to find..but here is what wikipedia says...what would be the interest rate on these bailouts if they are going to be handed out?
(these are my opinions i am not a licensed broker by trade)
03-17-2020, 01:15 PM
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#78
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Originally Posted By guest89⏩
Then it shouldn't be a private company, but with unfettered access to Uncle Sam's piggy bank whenever revenues dip. That isn't capitalism.The services they provide are necessary for the country to function.
03-17-2020, 01:17 PM
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#79
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Originally Posted By W1LLW⏩
Thank you. How quickly we forget. I remember that chit vividly and did power points and term papers on it since I was in college for fiance. It was ridiculousI think the problem people are having with the ideal of a bailout is the LAST time the government offered a bailout (Big banks after the 2008 financial crisis), the first thing those *******s did was payout MILLIONS of dollars in bonuses to the C-Level execs while simultaneously laying off thousands of lower tier people. One of the most disgusting things i witnessed in my adult life.
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03-17-2020, 01:23 PM
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#80
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No need to fly anywhere if you’re lucky enough to live in England
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03-17-2020, 01:25 PM
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#81
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Originally Posted By exxtracool⏩
Lmao at the misc. It doesn't really matter who he is... what's relevant is the point he made. You just compared ****ing starbucks to the airline industry. One is an absolute necessity... the other has about a dozen substitutes... but what was basic economics.and you are? who are you?
lol..
answer the question: which privately held companies do you bail out and which do you not? because a lot of them do provide necessary goods and services to the general public, arguably much more so than airlines..
lol..
answer the question: which privately held companies do you bail out and which do you not? because a lot of them do provide necessary goods and services to the general public, arguably much more so than airlines..
03-17-2020, 01:33 PM
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#82
03-17-2020, 01:35 PM
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#83
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Originally Posted By enzo818⏩
How did the banks start it when lenders were pressured by govt to lend to lower income demographic??? Community reinvestment act anyone? Basically if some broke person came into the bank and asked for a mortgage it would be considered descrimination to not give them the mortgage......**** that shiit. First, we bail out banks who started the problem and now we bail out airlines who fuk over consumers daily.
I flew from the us to europe and back for 500 bucks.....that is dirt cheap, how is that fuking me over? Try not being a brokecell
(these are my opinions i am not a licensed broker by trade)
03-17-2020, 01:36 PM
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#84
Originally Posted By TugOfPeace⏩
No, they dont. First, they give huge bonuses for the people at the top. Whatever they reinvest they pass onto customers to offset those costs.I dont think people really understand where these billions of dollars of profits go, much of it goes right back into the business
03-17-2020, 01:38 PM
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#85
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Originally Posted By BullStampede⏩
Thisbrb we are expected to keep 6 months of expenses in savings for situations like this, but not multinational corporations. Who could be behind this?
Where’s my bailout?
03-17-2020, 01:40 PM
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#86
Originally Posted By TBO1313⏩
Thanks OBAMA, yet he is revered as a president of the people lol.Thank you. How quickly we forget. I remember that chit vividly and did power points and term papers on it since I was in college for fiance. It was ridiculous
03-17-2020, 01:42 PM
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#87
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Originally Posted By enzo818⏩
Brother that wasn't a D vs R thing. Both establishment Ds and Rs wanted the bailout to happen. Ron Paul, pbuh, was the only one speaking out against it.Thanks OBAMA, yet he is revered as a president of the people lol.
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03-17-2020, 01:42 PM
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#88
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Originally Posted By enzo818⏩
Bush signed the bill. And delta paid out $1.6 billion to 90,000 employees (about $17.k a pop).Thanks OBAMA, yet he is revered as a president of the people lol.
You're an idiot.
The closer we approach the uncertainty of life's ending the more we wish to trade all of the things we have acquired in exchange for all of the things we have lost: wealth for youth, knowledge for fresh curiosity, resignation for hope. We'd trade our wisdom for new experiences, but it is wisdom that will teach us that at the end of the road the only new experience is death.
03-17-2020, 01:46 PM
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#89
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Originally Posted By VegasLifter26⏩
500 round trip to europe? Thats cheap af bro when did you go?How did the banks start it when lenders were pressured by govt to lend to lower income demographic??? Community reinvestment act anyone? Basically if some broke person came into the bank and asked for a mortgage it would be considered descrimination to not give them the mortgage......
I flew from the us to europe and back for 500 bucks.....that is dirt cheap, how is that fuking me over? Try not being a brokecell
I flew from the us to europe and back for 500 bucks.....that is dirt cheap, how is that fuking me over? Try not being a brokecell
I go every summer and i pay around 1.3k cad to rome.
Either way though, since it was mentioned a few times, airlines make most of their $$ from first classes tickets not from the 90$ peasant seat.
03-17-2020, 01:48 PM
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#90
Originally Posted By MyGhettoFantasy⏩
https://www.chicagotribune.com/busin...09-column.htmlBush signed the bill. And delta paid out $1.6 billion to 90,000 employees (about $17.k a pop).
You're an idiot.
You're an idiot.
Actually, you are the idiot because OBAMA signed off on it. 17k lmaoooo when executives get 50 million bonuses and dont get laid off like so many workers did. That's not even mentioning his bailout of the auto industry.
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