But another $25-billion taxpayer bailout is tucked into the stimulus package. The stock market loves bailouts and hates the effects of capitalism.
IAG seeks aid from Spain to buy Spain’s #3 airline for a near-monopoly in Spain. The family that’s selling Air Europa seeks that bailout too.
International air passenger volume still down 96.8%.
Folks started driving again – including those who used to take mass-transit. But jet fuel demand is still in collapse-mode. And overall consumption remains way down.
Flattened-out fish-hook-shaped recovery of demand?
It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
Confirming early warnings by United and Delta of re-declining ticket sales. V-Recovery has to wait in line. Airline shares down 3.7% intraday.
Was June as Good as It’s Going to Get in the Pandemic Era?
Shrinkage in survival mode instead of V-shaped recovery. “It will be more than two years before we see a sustainable recovery”: CEO.
Dogged by everything from bloated costs to corruption.