posted on September 14, 2005 05:32:11 PM new
Should the Federal government have bailed them out, once again, in your opinion...or let the cards fall where they will?
I believe this makes the fourth airline to file bankruptcy in the past 4-5 years.
posted on September 14, 2005 06:31:28 PM new
funny,I dont recall any bailout after 911.
anyway,filing chapter 11 is just reorganisation,they dont have to make payments to their creditors and suppliers,giving them some breathing room.but i dont know what they are going to do with their underfunded pension liability-if they turn this over to the govt,the retirees would have to flip burger at Mcdonald??
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Eat grass,kick ass,never go belly up!
posted on September 14, 2005 06:49:04 PM new
there is no job security anymore,you cant count on anyone-not your employer or uncle sam.
And what about selling your house and reap that big fat capital gains??some houses get washed away and some are not fit to live in and some may drop in price.
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Eat grass,kick ass,never go belly up!
posted on September 14, 2005 07:14:56 PM new
Yes, the housing market is doomed, in my opinion. Through the wonder of creative financing they have found a way to write a loan for just about everybody. I expect foreclosures to rise significantly as a result.
posted on September 15, 2005 07:31:03 AM new
I'm with you on this one, Ron. If fuel is costing them more, then do like other businesses do...raise your rates to compensate for that.
The airline industry yesterday asked Congress for a one-year reprieve from federal jet fuel taxes. Suspension of the 4.3-cents-a-gallon federal tax would save the industry $600 million.
posted on September 15, 2005 09:08:08 AM new
I hope they don't step in and bail them out. I do hate to see anyone lose their jobs - but it seems at every turn an airline is going bellyup or requesting a bailout.
Maybe they need to change with the times - update their business practices - Southwest hasn't asked for any handouts or filed for bankruptcy - maybe they out to emulate some of Southwest's best practices.
Does anyone think some of the issues with the airlines are union related?
posted on September 15, 2005 09:24:23 AM new
yes,besides the rise of fuel cost,those imperial airlines have high cost structure.
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Eat grass,kick ass,never go belly up!
posted on September 15, 2005 05:05:57 PM new
they will just come out leaner and meaner.We have to fly to go places,esp business,they can raise fares and skip the peanuts!!
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Eat grass,kick ass,never go belly up!
posted on September 17, 2005 10:29:14 AM new
The government did not offer "bail outs" - they made guaranteed loan offers available to qualifying airlines and if you remember, many were not granted. United tried three times to get loans to assist in bringing them out of bankruptcy and were denied at every turn.
Should the government "bail out" a company? No. Should the government offer guaranteed loans to companies integral to our business economy in order as opposed to building bridges that no one will ever use, Hell yes.
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An intelligent deaf-mute is better than an ignorant person who can speak.
Caroline