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Niffla



Registered: 06/09/08
Posts: 46,484
Loc: Texas
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The airlines are losing money on a historic level and are going to the government "for relief" 5
#26533207 - 03/13/20 05:58 PM (3 years, 10 months ago) |
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I have a negative outlook on airlines, so I'm biased.
The way they price gouge passengers for 4 inches of legroom, charge for anything they possibly can (including charging you extra for sitting on the emergency exit row seats because they have more leg room), and just the generally overall sub-par (or worse) service that plagues airlines in the United States -- I for one was actually happy to hear that they are floundering right now.
But alas I'm sure they'll probably get their "financial relief" in the end.
Am I wrong for feeling this way about the airlines (maybe I am and will be more than willing to admit that I'm wrong)? Do they deserve "relief"?
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HAIL OUR NEW OTD KING
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Big Worm
Perf


Registered: 04/20/09
Posts: 7,642
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Niffla] 5
#26533226 - 03/13/20 06:08 PM (3 years, 10 months ago) |
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Nah fuck them.
You’re 100% correct.
When airline companies try doing shit like this

To profit more at the expense of the consumer.
They deserve no government assistance. It’d be the same story as the last time they got bailed out. The people at the top just got bonuses. They need to crash and burn imo.
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Asclepius
Human Being



Registered: 01/09/18
Posts: 2,209
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Big Worm]
#26533266 - 03/13/20 06:23 PM (3 years, 10 months ago) |
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CookieCrumbs
Fucked off to the pub


Registered: 12/10/11
Posts: 14,146
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Asclepius]
#26533278 - 03/13/20 06:29 PM (3 years, 10 months ago) |
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I mean no matter how we look at this the economy is going to take a serious dive. And that unfortunately means alot because we've set up our society around the idea that growth should be constant and forever.
RIP America
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Free time is the only time
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Asclepius
Human Being



Registered: 01/09/18
Posts: 2,209
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: CookieCrumbs] 1
#26533290 - 03/13/20 06:33 PM (3 years, 10 months ago) |
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Our government sort of did this to us, imo -- they created this situation by not having any safeguards in place. But I don't won't to discuss this at length in the pub. 😉😇
Edited by Asclepius (03/13/20 06:35 PM)
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Niffla] 8
#26533293 - 03/13/20 06:34 PM (3 years, 10 months ago) |
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IMO government should never do no-strings-attached bailouts or cash gifts to private companies, it should always be in exchange for an income producing stake in the company. The more income producing assets the government owns, the less they need to rely on taxation.
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PatrickKn


Registered: 07/10/11
Posts: 20,563
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: CookieCrumbs] 2
#26533305 - 03/13/20 06:46 PM (3 years, 10 months ago) |
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A lot of air travel is already subsidized, and many routes aren't profitable but subsidizing the travel itself is seen as a net positive because it allows movement in general. Air travel, while the businesses that run it seek to increase profit where they can, is a matter of infrastructural integrity as well. One might want the entire industry to crumble because of this or that, but it's a sunk cost kind of thing if you actually let that happen.
Instead of complete bailouts or anything, I think federal loans set at interest rates slightly higher than inflation over the course of the loan would be adequate. The other alternative is nationalizing the airline industry as a infrastructural system, which if you're concerned about comfy seats and route availability would probably be the worse of the two routes despite the clear profiteering from a federally subsidized industry.
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Patlal
You ask too many questions



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Loc: Ottawa
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: PatrickKn] 1
#26533319 - 03/13/20 06:57 PM (3 years, 10 months ago) |
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Airlines are vital to the international economy. If there's any industry that need to be bailed out, it's the airline industry. The tourism industry is a 1.5 trillion+ per year worldwide.
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I_was_the_walrus
eggshells



Registered: 05/01/02
Posts: 11,887
Loc: next door
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Niffla] 1
#26533459 - 03/13/20 08:34 PM (3 years, 10 months ago) |
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Sounds like socialism to me but ok
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Shroomslip
Architekt



Registered: 11/25/12
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: I_was_the_walrus] 1
#26533489 - 03/13/20 08:48 PM (3 years, 10 months ago) |
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I too, say fuck them. They've found every way possible to squeeze every cent out of the population for so long.. I'd say they need to take it as a wake up call that their entire business is 100% supported by the people they constantly fuck over. Make then earn back customers by fixing the things everyone hates but can't do anything about because these days too many people need to get around quicker than anything other than air travel offers.
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With my face against the floor I can’t see who knocked me out of the way. I don’t want to get back up but I have to so it might as well be today. Nothing appeals to me no one feels like me, I’m too busy being calm to disappear. I’m in no shape to be alone contrary to the shit that you might hear. You can't wake up, this is not a dream. You're part of a machine, you are not a human being With your face all made up, living on a screen. Low on self esteem, so you run on gasoline
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,333
Loc: The Inexpressible...
Last seen: 2 hours, 9 minutes
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Niffla]
#26533493 - 03/13/20 08:51 PM (3 years, 10 months ago) |
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Im with Patlal on this one, the International tourism is essential for the world economy.
But then again, it would be nice to have some more ethical business practices in the Airline industry. I didnt even know they were charging extra for Emergence seating. Thats just so fuckin wrong, cant even believe it.
Big Worm, that model is a total babe!
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Niffla



Registered: 06/09/08
Posts: 46,484
Loc: Texas
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Patlal] 1
#26533612 - 03/13/20 10:31 PM (3 years, 10 months ago) |
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Quote:
Patlal said: Airlines are vital to the international economy. If there's any industry that need to be bailed out, it's the airline industry.
I mean your point is 100% correct and can't be argued, but basically they have to be bailed out. Because there's no other option.
It's like they have a lifetime free pass no matter how inept and greedy they are because we have to have them.
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HAIL OUR NEW OTD KING
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I_was_the_walrus
eggshells



Registered: 05/01/02
Posts: 11,887
Loc: next door
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: LogicaL Chaos] 2
#26533616 - 03/13/20 10:33 PM (3 years, 10 months ago) |
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Quote:
LogicaL Chaos said: Im with Patlal on this one, the International tourism is essential for the world economy.
But then again, it would be nice to have some more ethical business practices in the Airline industry. I didnt even know they were charging extra for Emergence seating. Thats just so fuckin wrong, cant even believe it.
Im of the opinion that nearly every brick in a wall is critical to the structure.
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,333
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: I_was_the_walrus]
#26533642 - 03/13/20 10:54 PM (3 years, 10 months ago) |
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A highly-accurate metaphor. Well done
If any sector goes down, it ripples thru the whole economy. So much has changed in the economic workforce over the years. Its crazy...
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Asclepius
Human Being



Registered: 01/09/18
Posts: 2,209
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: LogicaL Chaos] 1
#26533701 - 03/13/20 11:48 PM (3 years, 10 months ago) |
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I understand your perspective and partially agree; airlines do help economies. It's simultaneously frustrating that we always have the money to bailout corporations that screw us over, such as airlines, and no one ever seems to question how we are going to pay for it. I think someone else in the thread also mentioned something along these lines. Meanwhile, treatment for COVID-19 is not covered by insurance, and U.S. citizens -- particularly those who are poor and uninsured -- are royally screwed. But we always have the money to help corporations. It's the double standard that gets my blood boiling, especially in a situation like the one we are in with the coronavirus. Sorry for hijacking the thread by going slightly off topic.
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,333
Loc: The Inexpressible...
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Asclepius]
#26533714 - 03/13/20 11:53 PM (3 years, 10 months ago) |
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yeah, definitely a good point. Like why do they get the bailout and we get screwed over? Totally unfair and unbalanced.
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Asclepius
Human Being



Registered: 01/09/18
Posts: 2,209
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: LogicaL Chaos]
#26533720 - 03/13/20 11:57 PM (3 years, 10 months ago) |
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It's incomprehensible that our government is willing to bailout a corporation but not provide funding to treat those infected. This issue is bigger than just the airlines.
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Asclepius] 1
#26533723 - 03/14/20 12:01 AM (3 years, 10 months ago) |
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Feels like a governmental conspiracy if you ask me.
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Asclepius
Human Being



Registered: 01/09/18
Posts: 2,209
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: LogicaL Chaos]
#26533725 - 03/14/20 12:04 AM (3 years, 10 months ago) |
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I'm not so sure about that. I think it boils down to greed, as others on the thread have already suggested, and it makes my stomach churn.
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koods
Ribbit



Registered: 05/26/11
Posts: 106,049
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Re: The airlines are losing money on a historic level and are going to the government "for relief" [Re: Asclepius] 2
#26533727 - 03/14/20 12:08 AM (3 years, 10 months ago) |
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Airlines are gonna take a huge hit to their business, but the nature of their business is scalable. They get to reduce costs a lot when demand shrinks but simply mothballing planes for a few months until this blows over. They can also take advantage of cheap fuel costs by buying futures or even buying and storing actual fuel. This is a temporary disruption. There is risk in business. There are measures the government can take to help lessen the blow, but they don’t deserve a cent of financial aid.
The aid airlines got after 9/11 was at least somewhat more justified because much of the disruption and costs airlines took on were mandated by government.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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