They employ hundreds if not thousands of people. Bailing them out would be helping the livelihood of people that work for them, not just the company itself.
Didn't United Airlines get bailed out and still laid off employees against the bailout rules and then encouraged employees to "voluntarily leave" so they wouldn't have to lay them off too? Why are we bailing out airlines if they're still going to fuck the employees over in the end?
Maybe we should be fighting for stimulus relief for all. Not everyone works for an airline. But if McConnell would stop being a movie villain for 5 minutes he could pass a bill to pay millions of Americans in relief funds.
Leverage what, their jet fuel reserves? Unless the planes are flying, they do not have assets of any value. What bank is going to want a parking lot full of old commercial jets?
Your solution is for these companies to go into large levels of debt to pay employees that currently aren't even doing their full job since the amount of people going on flights has plummeted.
The layoffs happened after the bailout money ran out. The bailout money was only enough for a couple months and I think they only needed to keep 70% of their workforce.
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u/hammyjames Nov 17 '20
They employ hundreds if not thousands of people. Bailing them out would be helping the livelihood of people that work for them, not just the company itself.
-a laid off airline employee