Coronavirus: US needs aviation task force to rescue airlines, Boeing - Business Insider

The US airlines and now Boeing are signaling that they need a bailout as the COVID-19 coronavirus outbreak ravages their businesses.

The Trump administration, with congressional support, needs to form an aviation task force immediately to rescue this critical American industry.The major US airlines — Delta, American Airlines, United, and Southwest — need a bailout and they need it fast. The second-tier is also in trouble, as the COVID-19 coronavirus is effectively emptying the skies.

But even as US sales plunged to 10 million vehicles in '09, the plants continued to operate, and people were able to leave the house to buy or lease a new car. Trump himself probably doesn't have the ability to manage this, so the job falls to Treasury Secretary Steve Mnuchin, who should have Rattner on the phone yesterday. Mnuchin should be able to get support from House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, both of whom weathered the 2009 crisis and the automaker bailouts.

Nope - let Icahn figure that out. The BoeingBoardMustGo $BA

Rescuing Banks at expense of tax payers wasn’t popular in past. Hence, rescuing aviation & cruise ships companies will also be unpopular

Did the Arlines not use their profits and tax reductions to buy back stock and give bonuses to Execs?

Yet another indicator the airline industry has yet to make a profit

How about no. They got their tax breaks so fuck them

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US tourist attractions, once-crowded places emptied amid coronavirus - Business InsiderMajor US attractions including Disneyland and the Smithsonian museums have closed down as the country rushes to contain the spread of the coronavirus. Panic and fear will do more damage than the virus !!! Even if 3% of all the people of the world would die (which is NOT the case as not all will be infected), it means that 97% of all people and 99% of the ones below 75 will survive. How is that for a FULL VASE ? We must go on !
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: What it's like to fly in the US during the outbreak - Business InsiderFlying out of JFK Airport's busiest terminal was an eerie experience: it was nearly deserted, and about half the travelers were wearing masks. Panic and fear will do more damage than the virus !!! Even if 3% of all the people of the world would die (which is NOT the case as not all will be infected), it means that 97% of all people and 99% of the ones below 75 will survive. How is that for a FULL VASE ? We must go on !
Source: BusinessInsider - 🏆 729. / 51 Read more »