The Airlines Run Out Of Bailout Money In Six Days. Here's What Happens Next: CNBC After Hours

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День тому

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC.com's Leslie Josephs lays out the stakes for the airline industry, which will run out of federal bailout funds at the end of the month. Plus, CNBC.com's Annie Palmer breaks down Amazon's disavowal of Echelon's 'Prime Bike.'
0:43 -- Stocks finish higher, still on track for a losing week
1:03 -- High stakes and a short timeline for airlines
4:29 -- CNBC Soundcheck
8:18 -- Amazon fitness fakeout
9:20 -- Numbers Round

КОМЕНТАРІ: 414
@thund3rstruck
@thund3rstruck 3 роки тому
The airlines can go to hell. If actual working people can't get a bailout then neither should they.
@Hjernespreng
@Hjernespreng 3 роки тому
Sure, but a problem is that a huge amount of pharmaceuticals are transported in the holds of normal airline planes.
@sorawisdom6516
@sorawisdom6516 3 роки тому
@@Hjernespreng then the problem is the transportation method not the airlines itself
@campkira
@campkira 3 роки тому
so not a week... well that fast than my relationship...
@thatflywelshguy9662
@thatflywelshguy9662 3 роки тому
@@Hjernespreng most actually move on cargo planes. Not passenger.
@RichRich1955
@RichRich1955 3 роки тому
Multiply 180 million x $1200.00. People didn't get a bailout?. What about the extra $400.00 weekly in unemployment?
@itachi2011100
@itachi2011100 3 роки тому
If the govt wants the people to get their salary, they should just pay it directly to the people not the airlines. Cut the middleman and decrease bureaucracy. Trickle down is absolute bs.
@kanavsahani5922
@kanavsahani5922 3 роки тому
Agreed. The airlines r usin the money for so many useless things like stock buybacks and ceo paychecks
@ilovehonglong
@ilovehonglong 3 роки тому
Stock prices dropping means loans from banks being called. The whole airline will close down if the stock prices cannot maintain.
@arrrryyy
@arrrryyy 3 роки тому
Harsh Parekh for having salary they have to work
@axel3895
@axel3895 3 роки тому
Why Indians are concerned about usa
@raghul0078
@raghul0078 3 роки тому
@@axel3895 nope he talks about airline bussiness worldwide. We had similar problem. Billionares got richer while majority of the people got poorer. I completely understand that US is developed and rich. We are just mentioning a common problem.
@TheIvyLens
@TheIvyLens 3 роки тому
25 billion to an industry that’s just burning money (let them file bankruptcy and reorganize. It’s the cycle of capitalism), but 600 a week of unemployment benefits is too much for the government 🧐
@humanbeing5918
@humanbeing5918 3 роки тому
600 a week for everybody unemployed is much larger than 25 billion one time payment
@raulruletta1583
@raulruletta1583 3 роки тому
Get a job buddy
@lgee9027
@lgee9027 3 роки тому
👏🏽👏🏽👏🏽👏🏽👏🏽
@johnsmith6974
@johnsmith6974 3 роки тому
No more bailouts. The CEOs either learn about rainy day funds and investing or fall apart.
@josephspencer9741
@josephspencer9741 3 роки тому
It is not that simple
@dycedargselderbrother5353
@dycedargselderbrother5353 3 роки тому
The CEOs were actually bragging about taking a 5-10 percent pay cut off their eight figure salaries.
@ganonk79
@ganonk79 3 роки тому
No bailouts. Then some airlines go bankrupt. Then more consolidation in the industry. By the time we're out of this pandemic, the USA will have one national airline. Monopoly pricing will result in increased prices and worse service. I agree with you in principle, but that is not a future that I want to live in.
@sorawisdom6516
@sorawisdom6516 3 роки тому
@@josephspencer9741 yeah it is. They never needed a bailout to begin with
@arrrryyy
@arrrryyy 3 роки тому
John Smith CEO’s have billions they can pay idle workers who made that money for them at the first place.
@itachi2011100
@itachi2011100 3 роки тому
If you give money to airlines they'll become lazy and stop working. /s
@Stoneface_
@Stoneface_ 3 роки тому
Stop spamming the comments section
@Github_tech_with_ty
@Github_tech_with_ty 3 роки тому
@@Stoneface_ yes tell the bots to stop spamming
@internetguy1260
@internetguy1260 3 роки тому
@Double Tap when there is money to be made someone will step in to make it. We don't need to prop them up.
@MelancholyCrypto
@MelancholyCrypto 3 роки тому
This but without the /s
@MelancholyCrypto
@MelancholyCrypto 3 роки тому
@Double Tap New airlines will arise, all the assets don't just disappear.
@scaldon2
@scaldon2 3 роки тому
No bailout for airlines. What happen to all this millions of dollars they were making every year ? In the pockets of airlines ceo.
@Root3264
@Root3264 3 роки тому
Razorthin margins, that's why the money's missing now.
@jc4448
@jc4448 3 роки тому
Razor thin my butt... where is the money the top management get ?
@jc4448
@jc4448 3 роки тому
Stock buy back etc
@calvin2042
@calvin2042 3 роки тому
@@jc4448 minuscule, take all of their salary for past 10 years wouldn't pay expense for a year
@internetguy1260
@internetguy1260 3 роки тому
@@calvin2042 The average fortune 500 publicly traded company in the US spends 115% of its profit on stock buybacks...
@meiu7652
@meiu7652 3 роки тому
Sounds like the airlines should pull themselves up by their boot straps. That's what the American people were told, so why not them too?🙄
@menassies3224
@menassies3224 3 роки тому
The airline industry is already extremely consolidated so best believe thousands of people will be out of a job won’t be spending money and that’ll create a ripple
@meiu7652
@meiu7652 3 роки тому
@@menassies3224 Just more pressure for our governmemt to actually address the problem of unregulated capitalism the hypocrisy of,"too big to fail,"companies.
@meiu7652
@meiu7652 3 роки тому
@@menassies3224 Why should the government get to decide who fails and who gets infinite bails when they make a bad investment? Or in this case, failing to invest in a goddamn saving account. Something every individual gets told is the first thing you open when you a job.
@dawaj3715
@dawaj3715 3 роки тому
Because the rich have each others' backs. They don't care about the poor and middle class.
@andrewstupak6668
@andrewstupak6668 3 роки тому
Not a dime for airlines. The management bought their worthless stock with cash/debt to jack up shareholder returns and now they cry poor-mouth w/ tax money. Let the creditors take the company over and run it with new management. That's capitalism. The planes and most of the employees will still be around during bankruptcy. Give average folks cash instead.
@pancakes3250
@pancakes3250 3 роки тому
Their business failure is not due to bad business choices, its a 'natural disaster'. Bail them out. Why would creditors keep the employees around? Why is their stock worthless?
@johnsmith6974
@johnsmith6974 3 роки тому
@@pancakes3250 no before this pandemic they decided to buy up shares instead of having a rainy day fund like everyone else. They dug their grave so they can lie in it.
@Whooshta
@Whooshta 3 роки тому
@@pancakes3250 they ran their business with extremely high debt, they need to fail, and let something better rise up. You cannot sustainably run a business with such high amounts of debt on your balance sheet. If it wasn't corona it would be something else later on.
@ronaldrayosdelsol3627
@ronaldrayosdelsol3627 3 роки тому
And the
@JohnnyC10071959
@JohnnyC10071959 3 роки тому
100% agree
@sorawisdom6516
@sorawisdom6516 3 роки тому
THEY SHOULDN'T HAVE BEEN BAILED OUT TO BEGIN WITH
@vwjeff
@vwjeff 3 роки тому
The CEOs should cut their pay to a quarter of what they make and it would help out.
@nixic_
@nixic_ 3 роки тому
@@vwjeff Pretty sure they did that.
@donh5794
@donh5794 3 роки тому
They received $25 billion and now want another $25 billion until the next time. I lost track, but I think 4 stimulus bills passed and some people received 1 little check.
@kennethyuyoo
@kennethyuyoo 3 роки тому
Airlines, go get a life. You chose to play with fire before and now you want all of us to pay the bill for you. You’ve got such a nerve.
@stoneprevious4294
@stoneprevious4294 3 роки тому
I dunno. I kinda like all the exorbitant fees.
@dycedargselderbrother5353
@dycedargselderbrother5353 3 роки тому
@@stoneprevious4294 I like how there are both "convenience" and "inconvenience" charges. Pick your chair? Pay. Make the airline pick it for you? Pay. Have bags? Pay. Don't have bags? What kind of loser travels without bags? We have kids to feed you know, you cheapskate. Pay.
@kennethyuyoo
@kennethyuyoo 3 роки тому
Dycedarg's Elder Brother I moved to the US from Hong Kong last year and I was so shocked that even major airlines like Delta charge a fee for check-in bags. Such practice is exclusive to LCCs in Asia in general.
@Pyrrhic.
@Pyrrhic. 3 роки тому
When times are good, people say why pay taxes, taxes are so high. In crisis, everyone wants a bailout. Hypocrisy
@tiamarie1226
@tiamarie1226 3 роки тому
The airlines blow thru 25 billion but they basically tell us " you should have budgeted that $1,200 better." A joke.
@johnjay7822
@johnjay7822 3 роки тому
"We need more bonus money...ooops...we mean bailout money"
@sorawisdom6516
@sorawisdom6516 3 роки тому
Eyy boss got any more a that bonus mu i mean free i mean tax payer money? :/
@mikejoseph3111
@mikejoseph3111 3 роки тому
This is why buffet dumped his stock in airlines
@timsmith854
@timsmith854 3 роки тому
You'd have to be CRAZY to buy into airline stocks. Going broke is a tradition for aviation companies - posted by an aircraft maintenance engineer.
@ladasodaexplains3355
@ladasodaexplains3355 3 роки тому
I’m not against airline subsidies, that’s if they are prohibited to stock buybacks for the next however many years and executives have to take a significant pay cut. Plus they’ll need to pay back part or whole of the bailout in some shape or form (could be for decades, but they need to pay it back eventually)
@nickl5658
@nickl5658 3 роки тому
Pay it back with inflation adjusted. Right now companies can borrow at near zero interest but inflation continues.
@TheBandit7613
@TheBandit7613 3 роки тому
Airline CEO's are still making 8 to 15 million.
@thesurvivalist.
@thesurvivalist. 3 роки тому
Letting 80% of small businesses die like this is crazy!
@ssoffshore5111
@ssoffshore5111 3 роки тому
I don't think those who are saying let the airlines go bankrupt fully understand what that would do to the economy, businesses, mail/package delivery, what's left of tourism, remaining flight prices, etc. So much revolves around the airlines, even if you don't fly yourself. With that said, I do think there should be major pay cuts, repayment programs, etc tied to these bailouts.
@Ryan-vw8sq
@Ryan-vw8sq 3 роки тому
In Scotty's words, "endless money pit"
@FinancialShinanigan
@FinancialShinanigan 3 роки тому
Doubt air travel will be back to where people want so can see more bailout requests for next few quarters, best to let some fail and spend the billions to help workers transition
@stoneprevious4294
@stoneprevious4294 3 роки тому
Weren't the airline profits increasing quarter over quarter prior to the pandemic? I've not been following the situation but did they not put those profits into their piggy bank?
@MCorpReview
@MCorpReview 3 роки тому
Mark Cuban: give $ (juz not mine) Andrew yang: hey 👋 that was my idea 💡 In other countries, airlines do get bailout but staffers and execs need to take 40-50% pay 💰 cut. Share d pain.
@sorawisdom6516
@sorawisdom6516 3 роки тому
At least they want people to be helped. Others just want to throw money at others that already have an infinite amount of money like airlines
@TheBandit7613
@TheBandit7613 3 роки тому
Airline CEO's are still making 8 to 15 million.
@aleroxit
@aleroxit 3 роки тому
Thank you
@XOPOIIIO
@XOPOIIIO 3 роки тому
Rather inequality in productivness costs 16 trillion.
@sp0rtbilly77
@sp0rtbilly77 3 роки тому
Wait till the price crashes and then buy ticker symbol JETS
@noorghani5053
@noorghani5053 3 роки тому
Hell yea!! That ETF is a good pick based on the situation right now. I am gonna be watching it closely.
@bg25010
@bg25010 3 роки тому
Cuban wants all Americans to have a mini Brewster’s Million.
@kateoloughlin8774
@kateoloughlin8774 3 роки тому
Brewster's Millions 🤣🤣🤣🤣
@noway5396
@noway5396 3 роки тому
No fossil fuel no airlines no bailout
@marcopolo2230
@marcopolo2230 3 роки тому
Let the Airlines fail, fire the high paid Executives, give the money directly to the employees and Loan the Airlines the money only. We have saved them way too many times!!
@Anon1mous
@Anon1mous 3 роки тому
United is still holding $1200 of my money hostage after they cancelled my flight 6 months ago. My credit card company won’t do crap to help me get my $ back either since it is COVID related.
@JoseHernandez-ru4jf
@JoseHernandez-ru4jf 3 роки тому
Let them fail
@Solisium-Channel
@Solisium-Channel 3 роки тому
After recovering from the last recession, airlines invested into buying back stock to artificially increase their stock prices. Instead of having a rainy day fund, they did that BS. About 90 billion each airline.
@datguyoverdere6616
@datguyoverdere6616 3 роки тому
why do they always have to check the sound?
@phillipalexandercarr1462
@phillipalexandercarr1462 3 роки тому
My dumbfounded conundrum is where does the $2.4 tn come from and if a company(a) takes like $25bn ‘basil out’ why is there still any walrus whatsoever in the stock price at all. Surely at point of accepting bail out equity value must be zero?
@estebanazcarragasada9386
@estebanazcarragasada9386 3 роки тому
Gran informacion de gran valor que sirve para ver el termometro empresarial y de noticias en general sin ser parcial o tendencioso invaluable para evaluar tendencias y en consecuencia tomar deciciones en el ambito empresarial.
@AbdulFourteia
@AbdulFourteia 3 роки тому
really nice content
@arrowlogproductions2509
@arrowlogproductions2509 3 роки тому
American’s DCA to MIA route is still fully booked every day with multiple flights
@noorghani5053
@noorghani5053 3 роки тому
So mark cuban and rich people like him should pay more taxes if he wants to help out the American people. Also airlines don't need bailout as they are not really essential service. As for air delivery, UPS, Fedex, DHL, Prime Air, etc are already getting help because they are essential for delivery of goods. Instead we should save the money from giving the airlines to make our healthcare better, and give us another round of stimulus checks or more. Unemployment benefits are also a green light. But the problem is giving airline employees pay. It's a double edged sword but I guess another stimulus check would be helpful, and so would be more unemployment benefits.
@andrewstupak6668
@andrewstupak6668 3 роки тому
Yup. Cap gains, dividends should be taxed at the same rate as earnings from labor, if not more.
@2MANYCARS
@2MANYCARS 3 роки тому
@@andrewstupak6668 except there are small people that rely on collecting dividends as their primary source of income. What happens if a retired person relies on that income, and yet have to pay more in taxes as you had suggested? You will find a lot of dead retired on the streets if your suggestion took place.
@johnsmith6974
@johnsmith6974 3 роки тому
@@andrewstupak6668 or we could educate people about buying stocks, bonds and ETF instead school teaches you...photosynthesis....yeah thanks.
@noorghani5053
@noorghani5053 3 роки тому
@Prophet Muhamed Ok. But I have a question for u. Are u anti muslim? Because based off the profile pic u have and ur profile it seems like it.
@noorghani5053
@noorghani5053 3 роки тому
@@johnsmith6974 But it seems like u are implying that every kid is gonna start to make millions just by learning about the stock market. People have different economic backgrounds most can't invest big time. If they buy options for a company and let's say they can only give about $100, they will make around 200 if they have a good week and the stock is bullish. People have to pay rent, car payments, bills for gas, water, and electricity, and hospital bills, insurance. However u have to account that people have a better chance of making livable income via the college route rather than investing. It's easier to teach people at an early age what photosynthesis is or math, or history etc, because it will be easier for them in the future. It's the building block effect. You gain more and more through school as you go. I am in my first year of college, and also taking a phlebotomy class outside of college, and thank god I took anatomy and bio because it is helping me in the medical which is what I want to do. I am also investing on the side, but the thing is everyone sugar coats investing like the people who sell courses on how to invest and become a millionaire. LOL even if they are not rich themselves. In my Econ class we had to participate in investopedia's stock simulator (paper trading), but that doesn't;t mean you are gonna make it rich if u do it in real life. That's why they have college courses for that, but investing won't solve our problem because as I have stated, most people don't make livable income via investing. Rich people need to be taxed at a higher cost so we can give quality healthcare to all that need it, so we can have better social programs.
@adityapatnaik6079
@adityapatnaik6079 3 роки тому
good work
@r3vmixman
@r3vmixman 3 роки тому
I’ll quit my Engineering job and play video games all day if I get direct payments. Please be true!
@tesstkohls7448
@tesstkohls7448 3 роки тому
Stop all the bailouts and open up the economy. Go out at your own risk.
@777Outrigger
@777Outrigger 3 роки тому
Delta is opting out of further loans from the Cares Act. And is not laying off pilots until Nov, hoping that negotiations with ALPA will provide relief to prevent pilot layoffs.
@lipglossed
@lipglossed 3 роки тому
These big corporations just don't want to dip into their own funds... How do they not have any of their own money after so many successful years? As long as they can cover the expenses they don't need massive "profits" for this year.
@SanAntonioRealEstateAgent
@SanAntonioRealEstateAgent 3 роки тому
Senoir counter agents make $33.00 an hour! Thats more than a GM at mcdonalds. As a primary source i even seen supervisors purposely write awful schedules to guarantee the staff has opportunity for overtime. Our money should not go to pay a counter agent at american airlines $50 an hour to stand there and be rude to the public. Who cares if 75,000 airline employees lose their jobs there 14million american who have already been living through the pandemic without jobs. The airlines is the entire reason the pandemic has spread as fast as it did. Do not use our money to pay the senior flight attendants $99.00 annhour because they dont want to retire and the union protects their ridiculous salary. The entire airline can rehire and train new employees at a standard rate of $15.00 an hour. The payroll system is horrendous and the airlines are destined to fail with or without bail just based on that alone. The unions coleect $14 a minth from employee the protect their salary. Need i say more?
@craigclermond8001
@craigclermond8001 3 роки тому
rather than fire everyone in the airline industry can take a pay cut including the ceos and shareholders who make millions. pilots and flight attendants who make 100 K + excluding the extra benefits . some of us in society are really struggling with 20k-30k annual salaries and no bail out aids
@adriandiaz2108
@adriandiaz2108 3 роки тому
Why don't the executives take a pay cut ?
@MrNickLancelot
@MrNickLancelot 3 роки тому
Mark Cuban? The Atlas Shrugged megafan? Advocating for UBI? Wow...2020 is weird.
@Ravidist
@Ravidist 3 роки тому
Oh airlines are an essential service? I agree. Time to nationalize them. Far too important to stay private
@alexp3752
@alexp3752 3 роки тому
Retired airline EVP... If the lockdown would have been fixed at two weeks as planned instead of six months, the industry may have has a reasonable chance of recovery. At this point, with such low load factors and fewer flights, airline carriers are going to have to make very difficult changes or some may go out of business entirely. The constant media barrage of fear has pretty much destroyed an extremely vital and essential part of our economy. Once the seeds of fear have been firmly planted in the minds of the public, it may require decades if ever to recover. In my view, the entire affair has been handled very poorly. President Trump is not to blame. It is career bureaucrats and so-called "experts" who brought this nation to its knees without firing a shot. Our constitutional rights and freedoms have been trampled upon, and that should worry each and every one of us. Congress has no choice but provide a modicum of support to the airline industry. If they fail. the American economy and our way of life simply cannot continue.
@KabobHope
@KabobHope 3 роки тому
The government should just take over one airline and run it at a small percentage above cost. That would cut out a lot of this idiocy. We keep bailing them out anyway. We might as well go into the airline biz. We could hardly do any worse.
@n.e.g.u.s
@n.e.g.u.s 3 роки тому
“Timberrrr!!!”
@MylesGmail
@MylesGmail 3 роки тому
The music. Taking a risk lol
@007kingifrit
@007kingifrit 3 роки тому
this video only showed up in my feed 6 days later
@kkp4297
@kkp4297 3 роки тому
interesting how all the apps are ganging up on Apple after they were too chickenshit to do it alone.
@conormctapoutaka0-1aka0tit5
@conormctapoutaka0-1aka0tit5 3 роки тому
Epic games has the biggest 🍆
@cjdines7738
@cjdines7738 3 роки тому
So are airlines going to pay that back ?
@conormctapoutaka0-1aka0tit5
@conormctapoutaka0-1aka0tit5 3 роки тому
Eventually lol
@JM-gz1ej
@JM-gz1ej 3 роки тому
Bailing out only if executives agree not getting any pay
@KijasFX
@KijasFX 3 роки тому
Anyone else freaking out over what could happen in Thanksgiving?? No flights is bad for business. Too many flights is more contagion JUST before winter :/
@anunnakimenagerie
@anunnakimenagerie 3 роки тому
Airlines are the number one reason why the virus spread so fast around the world, but it's not like they were forced to shut down
@Rethanos
@Rethanos 3 роки тому
CALL YOUR SENATORS! NO MORE BAILOUTS!
@ironmaiden4966
@ironmaiden4966 3 роки тому
No more bailouts for companies.
@biscoito1r
@biscoito1r 3 роки тому
The airlines are in fact one of the most hated industries in America if not the world.
@thatoneguy4307
@thatoneguy4307 3 роки тому
Nahh.. CEOs gave themselves huge bonuses (millions) .. Companies bought back their shares (hundreds of millions) .. Share holder made themselves richer (millions) .. So let them use that money
@RichRich1955
@RichRich1955 3 роки тому
People are realizing air travel is bad for the planet and stuff to do near home
@loktom4068
@loktom4068 3 роки тому
Good news, these giant airlines must meet their faith just like all privately owned business. Image the CEOs and their top employees still dreaming and living with full paychecks, salaries and bonuses while other small businesses have to bite the bullets.
@AW-si5jh
@AW-si5jh 3 роки тому
Unless some states get rid of the annoying 2 week self isolation upon arrival requirement and the airlines get rid of the ridiculous mandatory mask wearing that does nothing since people aren't 6 ft apart, airlines won't be able to recovery anytime soon. There are too many restrictions and inconveniences that make travel not worth it right now. Even though most airlines have finally gotten rid of the ridiculous change/cancellation fees, flying still isn't worth it right now. Especially since there's some international places re-closing their borders because of spikes.
@muzehack
@muzehack 3 роки тому
Cuban's idea is the stupidest thing I have ever heard. Can you imagine the shortages that would happen when people try to buy $4k of necessities before their money runs out? It does nothing to help the average American much and is mostly just going to boost earnings for corporations for a quarter.
@Dranomoly
@Dranomoly 3 роки тому
so $50 billion for the airline companies? How much for the people?
@cyberryderfx7577
@cyberryderfx7577 3 роки тому
Lenghty report for just saying there was a Fitness Bike scam on Amazon
@CV-nn7jj
@CV-nn7jj 3 роки тому
The Airlines should sell their over exaggerated stock prices resulted from stock buybacks. And what the hell did the airlines do with the last bailout stimulus? Bought back more stocks?
@misterfunnybones
@misterfunnybones 3 роки тому
Is the value of c suite execs fully 300X that of average employees? With that kind of disparity & the army of tax lawyers & accountants to avoid progressive taxation, the public debt will continue to balloon at an exponential rate.
@Tiger-df6up
@Tiger-df6up 3 роки тому
isnt risk part of doing business?
@mattvicencio
@mattvicencio 3 роки тому
let them fail!
@JohnDoe-jt4cu
@JohnDoe-jt4cu 3 роки тому
I'm against an airline bailout. Voting Californian.
@jaym9846
@jaym9846 3 роки тому
First make airline's cash in their stocks which they bought with FED's easy money since 2008. Oh, I forgot CEO bonuses are tied to stock performance, my bad.
@doomtomb3
@doomtomb3 3 роки тому
Dear Billionaire Mark Cuban: Talk is cheap
@Mondrayish
@Mondrayish 3 роки тому
Why not just print more money for everyone?
@TG-to3dv
@TG-to3dv 3 роки тому
No way. You shoulda saved for a rainy day.
@Yahriel
@Yahriel 3 роки тому
While we're at it, can we get DarkSky back from Apple?
@langolier9
@langolier9 3 роки тому
Good job Mark Cuban you’re doing exactly what I would do or at least somewhat what I would do if I were stupid crazy rich but you seem like a good guy so I’ll assume the best
@bangbangninergang7573
@bangbangninergang7573 3 роки тому
No pity for these greedy corporations. I had a flight scheduled and due to corona I wont be able to travel. Even though I bought insurance, they are pointing me to each other on who will reimburse me. Add insult to injury, somehow paying a $400 penalty is going to help me get my money. Screw them.
@alexturlais8558
@alexturlais8558 3 роки тому
Let the airlines die. Same for big corporations. Stimulate the people, not the corporations. They didnt have a problem with giving their CEOs bonuses or paying money out to shareholders.
@natethebait
@natethebait 3 роки тому
You stimulate the airlines in hope of stimulating the people. Stop furloughs and don’t pocket the cash.
@jonasbluntson5864
@jonasbluntson5864 3 роки тому
Congress gave them billions but gave us a few hundreds an airline's complaining.
@magnusandrew6266
@magnusandrew6266 3 роки тому
you can't just tag that the end of the video. you need a deep dive
@thetreekeeper143
@thetreekeeper143 3 роки тому
Printer go Brrrrrrrrrrrrrrrrrrrr......
@dynerebon05
@dynerebon05 3 роки тому
The airlines are essential for the recovery of the US economy. Airlines provide transportation for businesses and vacations which boost the GDP. The government has to bail out the airlines again if they want a fast recovery. For those of you who are complaining not to bail out the airlines, remember this.. Your ticket prices will triple or quadruple when the airlines are bankrupt and are providing less flights. Tickets are cheap because there are abundant of flights and competition to lure customers. Just wait until you need to fly somewhere and pay $2,000 for a ticket when it was only $500 before. Maybe you will learn your lesson then.
@user-wy1gc6vn8t
@user-wy1gc6vn8t 3 роки тому
Safe and sound
@dukelmontgomery
@dukelmontgomery 3 роки тому
should have saved that stock buy back money for a rainy day....
@thaiparkse
@thaiparkse 3 роки тому
When Sh** hit the gigantic fan!
@monarch3724
@monarch3724 3 роки тому
Here in india govt didn't gave anything to our airlines. No one was fired. God knows how they survive as even during normal time they survive on loss debt more loss more debt. Should learn the art of loving in loss.
@thisoldmtb3815
@thisoldmtb3815 3 роки тому
Money well spent on those airlines
@kkp4297
@kkp4297 3 роки тому
everyone needs an airtight body suit in order to travel.
@CRAPO2011
@CRAPO2011 3 роки тому
They need to fund the studies to produce a more accurate quick covid test so its not such a hassle to fly internationally. Abott tet has 90+% false positive
@bk_deltor9155
@bk_deltor9155 3 роки тому
They need to rise and fall on their own merit. If they fail someone else will take their place. Why make these airlines "to big to fail" companies?
@politesmile7812
@politesmile7812 3 роки тому
If the airlines shut down, the airports will close. Ups and FedEx can’t afford private airports in every city so commerce will slow dramatically.
@raybod1775
@raybod1775 3 роки тому
Airlines will not shut down. No more overpriced welfare for CEO's and pilots.
@No_NetMan
@No_NetMan 3 роки тому
@@raybod1775 why include pilots? They didn't run the company into the ground. Either way we need to bail them out. No airlines= no travel. The cascading effects of which include more restaurants shutting down, hotels shutting down, travel agencies shutting down, car rental agencies shutting down. Its an intricate grid with airlines at the center. They cannot go under, or the economic repercussions will be much larger than a 25 billion dollar bailout.
@raybod1775
@raybod1775 3 роки тому
Franz Leinders Corporatists need to be punished financially for bad business practices. Investors need to lose money for bad decisions and executives need to lose their jobs for bad business practices. Airlines are no more special than anyone else in a capitalist society. Airports and airplanes will still be there. We are talking about airlines shrinking to fit demand, including CEO salaries and investor expectations of a return on investment. Nobody knows how many years it will takes for demand to come back. Nobody cared when corporations tore out the industrial infrastructure of the United States during the last 30 years and shipped it to China.
@No_NetMan
@No_NetMan 3 роки тому
@@raybod1775 the industrial infrastructure being moved overseas didn't have the cascading effects that bankrupt airlines will have. Demand will quickly return to close to pre-corona levels as soon as people think it is safe enough to fly. If Airlines go bankrupt the competition goes away, ticket prices skyrocket, and demand from the average American plummets because they can't afford a $2000 flight from JFK to Washington Dallas. Once again this will collapse hotels, restaurants, car rentals, travel agencies, and any other industry that relies on tourism. At least right now there is a glimmer of hope for those industries, but if the airlines go bankrupt that goes away. There's a reason Airlines is the #1 issue in the new stimulus package
@raybod1775
@raybod1775 3 роки тому
Franz Leinders Corporations sell stock or issue bonds to get money to survive. They don't go begging to the government for handouts. There needs to be layouts if there is not enough business. It does not mean every airline is going out of business. It means the businesses shrink to fit the market, along with shrinking salaries for the highest paid employees.
@OwenRULESSS
@OwenRULESSS 3 роки тому
Why are we listening to Mark Cuban for economic policy... He’s made a technology company and owns a basket ball team. Get economists on for policy recommendations
@johnsmith6974
@johnsmith6974 3 роки тому
Because obviously an economist studies while a businessman puts it to the test.
@millertoyal
@millertoyal 3 роки тому
Economists are educated Fools. They're the reason we're in this disaster.
@daniellafferety4025
@daniellafferety4025 3 роки тому
Why the airline's profits for rich people! Poor people don't own airline stock options. The people incharge of increasing, and maintaining their customers investments are always planning to keep makeing 📈 profits go up not down.
@K7M80
@K7M80 3 роки тому
Well they need to reimburse us before that happens!
@heronguyen911
@heronguyen911 3 роки тому
How about selling those common stock you bought back over the years? No reason for tax payers to bail you out twice while you used 90% of your profit to goose up your stock value.
@tropicalblum
@tropicalblum 3 роки тому
I’m still waiting for my 1200$ stimulus check
@niyanthkanakasabapathy5890
@niyanthkanakasabapathy5890 3 роки тому
They talk about 25 billion dollars like it’s nothing while thousands of Americans wonder if they can have money for there next meal or for taxes and bills. Help the people not big corporations with billions of dollars to fall back on. When you give the rich money they don’t help others they just stuff there pockets with it
@Rowdy-st2th
@Rowdy-st2th 3 роки тому
You just showed a clip from a chick who works for JP Morgan🤷‍♂️😂😂😂🤣
@deekay2
@deekay2 3 роки тому
What gives the airlines and their employees the right to keep their companies and employee level the same regardless of demand?.... On the taxpayers dime?
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