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a kennedy

(29,462 posts)
Thu Oct 8, 2020, 06:56 PM Oct 2020

What am I missing that the airlines are not getting their bailout, or stimulus???

and why are they more important then any other business??? I’m feeling sick for all the small business NOT getting their stimulus money, and all the UNEMPLOYED people??? Why are the airlines getting first dibs??? and sorry for being so ignorant.

20 replies = new reply since forum marked as read
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What am I missing that the airlines are not getting their bailout, or stimulus??? (Original Post) a kennedy Oct 2020 OP
Perhaps they are making more noise Sherman A1 Oct 2020 #1
The Airlines Are Threatening to Lay Off 50,000+ Folks If there's No More Stimulus Money Indykatie Oct 2020 #3
+1 n/t Laelth Oct 2020 #7
Excellent summation. nt crickets Oct 2020 #18
I'd suspect that it's because the airlines are a vital piece of infrastructure... Silent3 Oct 2020 #2
In general, I don't disagree, but there are a few things to keep in mind democrattotheend Oct 2020 #4
I thought Pelosi was in agreement to do that stand alone and not a stand alone of 1200, but today LizBeth Oct 2020 #5
Airlines are strategic infrastructure. meadowlander Oct 2020 #6
Tbh, we need to see them more as aerial highways and save them accordingly Arazi Oct 2020 #8
A stand alone bill to bail the airlines Thrax Oct 2020 #9
repukes have already given the big FUCK YOU to the unemployed and small businesses Skittles Oct 2020 #15
+1 crickets Oct 2020 #19
Airlines have lobbyist / Unemployed people do not. whttevrr Oct 2020 #10
Got a feeling Wellstone ruled Oct 2020 #11
I don't think so whttevrr Oct 2020 #12
So it has to be the 50k people Wellstone ruled Oct 2020 #13
Doing the math customerserviceguy Oct 2020 #16
Then is has to be money going towards Leases Wellstone ruled Oct 2020 #20
Congress depends on the airlines customerserviceguy Oct 2020 #14
They burn a lot of fuel and pollute above the clouds? pwb Oct 2020 #17

Indykatie

(3,691 posts)
3. The Airlines Are Threatening to Lay Off 50,000+ Folks If there's No More Stimulus Money
Thu Oct 8, 2020, 07:06 PM
Oct 2020

That's the last thing Trump wants to hit the news right before election day. McTurtle wants legal protections for companies against any law suits for their negligence. The meat packing companies could be shown to have some liability for their unsafe working conditions in our COVID environment. Nancy and Dems are in a touch spot here. Folks are hurting and need the financial help now.

Silent3

(15,018 posts)
2. I'd suspect that it's because the airlines are a vital piece of infrastructure...
Thu Oct 8, 2020, 07:04 PM
Oct 2020

...that employs many of people, and they would need to be ready to come back into full service once the rest of the economy can fully open up again.

At least I'd guess that's the official argument. How much the power of the airline industry has, that other businesses don't have, might warp that thinking I don't know.

Another unfair, but sadly true factor, is that it's much easier and faster logistically to help the few big companies that comprise the airline industry than it is to administer and track aid to tens of thousands of small businesses.

democrattotheend

(11,605 posts)
4. In general, I don't disagree, but there are a few things to keep in mind
Thu Oct 8, 2020, 07:07 PM
Oct 2020

1) Airlines have been hit harder than almost any other industry, save for maybe the tourism/event/hospitality industry
2) If the airlines fail, it affects a lot of other industries and has a huge ripple effect that will make economic recovery take longer
3) Most airlines are fairly heavily unionized, so they probably have more bipartisan support on Capitol Hill than many other industries, and they provide a lot of good-paying jobs that are actually worth saving
4) Some airlines have a lot of hubs in swing states. I remember in 2004, when it looked like US Airways might go bankrupt, I was torn about a bailout because I didn't want my dad to lose all of his miles and my home city of Philadelphia to lose all those jobs, but I was afraid that with US Airways hubs in Philly and Pittsburgh, bailing them out might have put Bush over the top in Pennsylvania. In the end, America West bought out US Air and there was no bailout.

LizBeth

(9,946 posts)
5. I thought Pelosi was in agreement to do that stand alone and not a stand alone of 1200, but today
Thu Oct 8, 2020, 07:08 PM
Oct 2020

Pelosi said she would not do any stand alone. Trump has not shifted to a BIGLY stimulus and McConnell finally said wouldn't do anything without stating a business in not liable which for me paying attention is a huge step forward for him.

meadowlander

(4,358 posts)
6. Airlines are strategic infrastructure.
Thu Oct 8, 2020, 07:09 PM
Oct 2020

Without them, mail would not get delivered which impacts all the other businesses.

Arazi

(6,829 posts)
8. Tbh, we need to see them more as aerial highways and save them accordingly
Thu Oct 8, 2020, 07:16 PM
Oct 2020

We use them for fast shipping and transport much like road highways.

We need air travel for so much I'm completely ok with trying to save them.

Small businesses are equally important just to clarify

 

Thrax

(41 posts)
9. A stand alone bill to bail the airlines
Thu Oct 8, 2020, 07:21 PM
Oct 2020

would be a giant fuck you to the unemployed and small businesses.
An extremely bad move should it happen.

Would look like congress can move mountains to protect their stock portfolios while the little people can suck wind.

Skittles

(152,964 posts)
15. repukes have already given the big FUCK YOU to the unemployed and small businesses
Thu Oct 8, 2020, 09:39 PM
Oct 2020

many, MANY times

 

Wellstone ruled

(34,661 posts)
11. Got a feeling
Thu Oct 8, 2020, 07:29 PM
Oct 2020

because Airlines Finance their aircraft via the Manufactures in house lease or purchase agreements. Boeing is burning Cash like a forest fire,Airbus has a different type of funding than Boeing.

Is Boeing about to go chapter 11?

whttevrr

(2,345 posts)
12. I don't think so
Thu Oct 8, 2020, 08:16 PM
Oct 2020

The FED has been buying corporate bonds up the wazoo. I'm sure they have propped up Boeing and GE.

 

Wellstone ruled

(34,661 posts)
13. So it has to be the 50k people
Thu Oct 8, 2020, 08:44 PM
Oct 2020

facing layoffs and the PR surrounding that issue. Most of the Airports have been through major Layoffs.

customerserviceguy

(25,183 posts)
16. Doing the math
Thu Oct 8, 2020, 09:39 PM
Oct 2020

Both Pelosi and Mnuchin think that $25 billion is the amount to give the airlines. If there are only 50,000 airline employees involved, that works out to $500,000 per job.

Seems a bit pricey to me.

 

Wellstone ruled

(34,661 posts)
20. Then is has to be money going towards Leases
Thu Oct 8, 2020, 10:21 PM
Oct 2020

and Airplane mortgages as well. Money for TSA may also be at play. Percentage of every ticket goes for TSA Payroll. As well as direct payments to City Counties for their Airports. Because of lost landing fees which off set expenses of operations.

customerserviceguy

(25,183 posts)
14. Congress depends on the airlines
Thu Oct 8, 2020, 09:35 PM
Oct 2020

That's why they think they are more equal than other animals. (George Orwell reference)

pwb

(11,204 posts)
17. They burn a lot of fuel and pollute above the clouds?
Thu Oct 8, 2020, 09:42 PM
Oct 2020

Pukes love both. Cruise ships also deserve no help. The causes deserves no help. I agree with you. Avoid flying, stay put and use the phone to do business.

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