What the TSA said in its PR stunt and what it forgot to say.
“You’re the Collateral.” Separating the assets (including you) from the liabilities (your miles), and pledging the assets.
Eight months into crisis, airlines are stuck in worst recovery ever.
Coddled investors, not taxpayers, should step up to the plate and fund the “daily cash burn.”
A struggle for basic survival and for new money to burn.
“Unfortunately, we see few catalysts over the next six months to meaningfully change this trajectory”: Delta.
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%.
Flattened-out fish-hook-shaped recovery of demand?