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Non-Tech : Airline Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (1301)	8/13/2020 4:22:06 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 1868

No, I'm not planning a lawsuit. But I'd like to see some protection for taxpayer interests. When GM was in danger of failing in 2008, the administration bought a special issue of preferred stock from GM and sold it later on, at a small profit. I've not seen any arrangement like that with regard to the airlines. What I've seen is simply a low interest loan, or an actual grant, provided they don't lay off employees. Some of the airlines are hoping to take advantage of the grant after they encourage some of their employees to take an early retirement buyout, which is different from laying off employees. Even if they don't meet the no-layoff provision, they get a loan at a super low rate of interest. I want to see better, more consumer oriented operations that avoid cutting customer services (no food on board, and in fact, not even water on the shorter routes). I'd like to see major cuts in top management compensation. I'd also like to see boards of directors that include more diversity and employee representation than exists now. The best service I've experienced in the past couple of years has been from Air Canada, though other passengers on that airline have made complaints. My chief concern, however, remains the effects of the pandemic, which is persisting much longer than most people expected, leaving the airlines in particular in much worse shape, and in NO shape for prudent investors. Art