Flying During Christmas Travel Period? Still in Collapse Mode by Wolf Richter • Dec 28, 2020 • 147 Comments But don’t fear for airline shareholders & creditors; they get to benefit from another $15 billion via “Taxpayer Capitalism.”
Congress to Pass $17 Billion Bailout of Airline Shareholders & Bondholders, to Top Off Prior Bailout. Industry Applauds, Airline Stocks Jump by Wolf Richter • Dec 15, 2020 • 161 Comments Top 4 airlines burned $45 billion on share buybacks since 2012. If airlines run out of money, Chapter 11 bankruptcy works. Airlines proved it.
US Air Passenger Traffic Skids Again, Delta & American Warn of Declining Bookings by Wolf Richter • Dec 6, 2020 • 138 Comments L-Shaped Recovery for Air Lines. Staking their future on a vaccine.
Southwest and Delta Douse Hopes for Recovery in Q4. TSA Checkpoint Screenings Already Agree by Wolf Richter • Nov 12, 2020 • 98 Comments The curious effect of the election and now possibly the surge in virus infections.
Interjet Runs Out of Runway. Six Other Latin-American Carriers Already Liquidated or in Bankruptcy by Nick Corbishley • Nov 5, 2020 • 30 Comments They didn’t get bailed out by taxpayers. But in a radical experiment these days, investors got to eat the losses, as they should.
Worst Recovery Ever: To Soothe Investor Pain, Government Agency TSA Hypes Airline Stocks in Chilling PR Stunt by Wolf Richter • Oct 19, 2020 • 147 Comments What the TSA said in its PR stunt and what it forgot to say.
Airlines Raised $$$-Billions via Frequent Flier Programs. Delta alone Raised $9 billion via SkyMiles as Collateral. How? by Wolf Richter • Oct 15, 2020 • 81 Comments “You’re the Collateral.” Separating the assets (including you) from the liabilities (your miles), and pledging the assets.
“Daily Cash Burn” to Continue till Further Notice: US Air Travelers Still -65%, Ticket Prices -25%, a Toxic Mix. Delta Q3 Passenger Revenues -83% by Wolf Richter • Oct 14, 2020 • 107 Comments Eight months into crisis, airlines are stuck in worst recovery ever.
Facing Crappiest Recovery Ever, Airlines Demand New $25-Billion Bailout, for $50 Billion Total, after Having Burned $45 Billion on Share Buybacks by Wolf Richter • Sep 28, 2020 • 133 Comments Coddled investors, not taxpayers, should step up to the plate and fund the “daily cash burn.”
Grim Summer Turns to Long Cold Winter for European Airlines as Passenger Traffic Dives Again by Nick Corbishley • Sep 23, 2020 • 44 Comments A struggle for basic survival and for new money to burn.
