- Joined
- Feb 22, 2021
- Messages
- 909
Trust me, governments Would panic , fear public backlash if the airlines started going bankrupt and canceling routes because they will want to travel again.May I ask where you live?
A number of countries want their national airlines to keep going even if they are in financial distress.
Every time airlines cut routes here, the Media and govt gets annoyed because they know it will take a long time for them to restart those routes due to planes being parked and more layoffs. The govt doesn’t want to help but they want the airlines flying so that routes are maintained ( for when things reopen plus for “essential workers” who travel but in very small numbers ). They cannot have it both ways. The govt seems to want them to take on more debt, lay off more staff but keep flying empty planes which is insane.
People here who talk about how airlines need to go though bankruptcy again simply do not understand. What good will another round of chapter 11 bankruptcy do when traffic is down 95% and they are losing around $20 million a day even with 1/3 of their fleet parked and over 30,000 Laid off plus pay cuts for those still working. There is nothing left to restructure for. This is not sustainable.
Its gets even better.....the ATC agency that handles the airspace in our country jacked up it’s rates by 30% to the airlines. Why, they say they didn’t get any govt help and they are losing money because the airlines are not flying Much.
wait when things reopen.....less service, higher fares.
All could have been prevented.
I am done with this topic. I did my part for those who lost their jobs and the stress employees are under.
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