Kolek planning to go pro
Mark Cuban on Corona bailouts:https://twitter.com/mcuban/status/1239901248167522304?s=19
Maybe there's a deeper problem than the airlines?
Also, bailout ideas:
Because the stock market punishes them when they carry large reserves, and everyone knows they'll get bailed out anyway.Maybe as a condition of any loan or grant they would have to commit to a certain level of cash?
There is on many levels. I'm not going to "go political" here, but this stuff starting with the NBA and the conference tournaments cancelling was LESS THAN A WEEK AGO! The fact that the economy can apparently be brought to its knees enough, people are getting laid off, corporations needing bailouts, Congress considering doling out over a trillion $$$ in stimulus, etc. shows there are huge problems in the economy / society to begin with.
Privatize profits, socialize losses
Cuban often acts like a jagoff, but he also seems to have some fundamental sense of fairness.
Yep. I’m a bit in the “screw em” camp, especially after quotes like Doug Parker’s below. https://www.usatoday.com/story/travel/flights/todayinthesky/2017/09/28/american-airlines-ceo-well-never-lose-money-again/715467001/Never lose money again, huh? Maybe take it easy on profit sharing and stock buybacks as not to stick it to the taxpayer when a global pandemic hits. I get that the industry is effectively a utility and critical commercial engine for the country, but it seems like airline leadership has us in a “heads I win, tails you lose” scenario. More aggravating are proposed bailouts for the cruise industry — these organizations do absolutely everything to avoid paying taxes, paying decent salaries to American citizens, etc. and they want a government bailout? Let it burn...
Right. And this is exactly what happened in 2008 - and here we go again 12 years later. At some point society should demand certain safeguards so we don't have to do this again in 2032. I'm not smart enough to know what that is.
Let the flag countries bail out the ships under their registry.
It wasn't that strong. Construction & Manufacturing were both down or at best flat when you look at jobs numbers. Since construction is usually the leading indicator and that was down it was only a matter of time. The only sector that was growing was the service industry. And when something comes that cripples that sector you're in for a world of suck.
South east Asia and Nola got pushed back a year 😭
If an airline takes a dime of bailout money, they should be prohibited from ever charging a seat fee, bag fee, check-in fee, printed ticket fee, or any other bullsht fee for the rest of their existence.
Ah, you're suggesting regulation. If these companies can't be trusted to do the right thing, we have no other choice. Unless we nationalize it... which would be wildly unpopular.
Federal Air... I can hardly wait!As bad as air travel can be today, just imagine what would happen with Federal Air. In case you think I'm full of it, just look at Amtrak. That one has been screwed up beyond hope. All because the government has dictated everything about what it can and can't do.
Not sure anyone really cares, but my parents cruise in SA has been routed from Valparaiso, Chile to Ft. Lauderdale via the Panama Canal. Basically, they are back to their original itinerary without any of the stops. No one on the ship appears sick. Plan is to arrive 4/1.
I mean, the problems are not all Amtrak's fault. Its bad rail, on bad tracks, and its pricey. Its Amtrak or nothing. But that is because no one else can be competitive on rail.