United Airlines warns of massive layoffs without federal aid

Add a condition if the govt. bails them out again like they did in 2008.

No executives buying back stocks in their own company to increase their own wealth.

Future profits go to their workers and less fleecing and cost cutting on the backs of their customers.

This is gonna be a world wide thing high fixed costs with little or no revenue coming in, with some governments talking about a three to six month for travel restrictions there's gonna be some airlines disappearing.

@Speed

Add some more restrictions

1/ The entire boards of these companies plus top ten executives go without pay until normal operating conditions return.

2/ Companies have to reduce their debt load by a minimum percent before these indebted companies cause another financial crisis for America.

For me this has quite different characteristics from a bailout due to negligence or incompetence

Using up your cash cushion to buy back our own stock is "negligence or incompetence" in my book. The airline industry is subject to big external geopolitical and other shocks from time to time, after all. Doh!

In a just world, the headline would read: "United Airlines warns of layoffs of incompetent and negligent CEO and rest of board"

Exceptional circumstances.

I’m against bailouts in principle, but what the economy is looking at here is a temporary shutdown across the board, not through the fault of the companies impacted. We could let whole industries go bankrupt, only for the entire economy to needlessly suffer as a result once the pandemic has passed.

For me this has quite different characteristics from a bailout due to negligence or incompetence (in which case I support them going bankrupt).