US airlines seek $50 billion government bailout after coronavirus outbreak

[Yo_Mama_Been_Loggin]

Major U.S. airlines sought a government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand sparked by the coronavirus pandemic.

Airlines for America, the trade group representing American Airlines, United Airlines Inc, Delta Air Lines Inc, Southwest Airlines Co and others, said the industry needs $25 billion in grants, $25 billion in loans and significant tax relief to survive. They also seek tax relief that could be worth tens of billions of dollars through the end of at least 2021.

They also seek a package of $8 billion, equally divided in grants and loans for cargo carriers. Airports are seeking at least $10 billion in emergency government assistance, sources told Reuters.

"We have to back the airlines -- it's not their fault," President Donald Trump said, saying he has told the airlines he will assist them but did not endorse a specific figure. "We're going to be backstopping the airlines. We’re going to be helping them very much."

https://www.msn.com/en-us/money/companies/us-airlines-seek-dollar50-billion-government-bailout-after-coronavirus-outbreak/ar-BB11gASY?li=BBnbfcN

[intrepidity]

1. Not my fault either. Where's mine? nt

[backtoblue]

3. +

[sop]

2. Corporate socialism

[stillcool]

4. And we can't get test kits..

Priorities. Naked for all the world to see. Maybe they already knew, and we're just the last to know.

[geomon666]

5. And how much of that will be going to the workers?

People like my father who's been working at MIA as a mechanic and now a supervisor for one of those major airlines for 40 years. He's worried he's gonna lose his job and have to take a job at Publix. Is this bailout for people like him or just the people who already own the finest in golden parachutes?

[Under The Radar]

6. They got a huge bailout after 9-11 too.

I don’t get how they are losing so much money when they are reducing all operational expenses, fuel, and labor.
Damnit they need to show their books before getting a cent.

[geomon666]

7. Right on about showing those books

Probably been cooked for decades but they're still crooked as a barrel of snakes.

[Totally Tunsie]

8. Well, that didn't take long.

[captain queeg]

9. Yeah it's your fault asshole. Ought to come out of your pocket

[MiniMe]

10. Nice thought, but I doubt he has that much

[Brainfodder]

11. A corporation that uses us for profit is asking us to pay them when idle?

How seriously dumb is this?

[tinrobot]

12. Sadly, I think we do need to help airlines

I just wish it wasn't a corrupt orange shitgibbon handing out the funds.

[Hekate]

13. Tough shit, flyboys. Where's the hospitals & supplemental income for the little people?!

[smirkymonkey]

14. Fuck this! How many people are going to lose their jobs? It isn't their fault either.

This money is going to go to shareholders and executives and they are still going to have massive layoffs. I am so damn sick of taxpayer money going toward corporate welfare while the citizens of this nation consistently take a hit for the greed and ineptitude of those who are in charge.

I am so fucking angry I could spit nails! How much longer are we going to put up with this bullshit?