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.
Airlines, Trying to Dodge Bankruptcy with Air Travel Still Down 70%, Threaten Oct. Jobs Massacre Unless they Get 2nd Bailout by Wolf Richter • Aug 26, 2020 • 130 Comments “Unfortunately, we see few catalysts over the next six months to meaningfully change this trajectory”: Delta.
No, Americans Aren’t Suddenly Flying Again, Despite What the Media Said Today to Boost Stocks of Airlines and Boeing by Wolf Richter • Aug 10, 2020 • 102 Comments But another $25-billion taxpayer bailout is tucked into the stimulus package. The stock market loves bailouts and hates the effects of capitalism.
Bailout Air Europa, to Be Acquired by IAG — Owner of British Airways and Spain’s Top 2 Airlines — Doesn’t Pass Smell Test by Nick Corbishley • Aug 10, 2020 • 18 Comments 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.
Going to Be Tough for Airlines, Full Recovery Moved to 2024: IATA by Wolf Richter • Jul 29, 2020 • 52 Comments International air passenger volume still down 96.8%.
“Demand to Remain Suppressed” till Vaccine/Treatment Widely Available: United Airlines. May Not Happen till Late 2021 “or Even Later”: Health Care Leaders by Wolf Richter • Jul 21, 2020 • 108 Comments Flattened-out fish-hook-shaped recovery of demand?
