Eric Blair Posted March 23, 2020 Report Share Posted March 23, 2020 I tried to make this post before, but can't find it. If I missed it, please accept my sincere apology. I believe any bail out package to the airlines must include a provision giving back to consumers. Over the last two decades, airlines have made BILLIONS of dollars with added fees and reduced services, cramming more seats into the plane, while CEOs and other higher-ups get multi- million dollar bonuses; the airlines buy back stock to save paying dividends, etc. Lat a bailout increase pay to the rank-and-file employees, and return the benefits to the customers. Yes, a $450,000 max on executive bonuses from any bailout. When executives get paid these astronomical bonuses, they are motivated ot increase profits, etc., but it has for two decades come in the form of more fees and less services for the flyers. I remember 20+ years ago when everyone in budget class got a full meal ("Would you prefer chicken or pasta?)" If you have any personal comments to/about me, please do it/them in P.M. Thanks. 1 1 Quote Link to comment Share on other sites More sharing options...
AngusMactavish Posted March 24, 2020 Report Share Posted March 24, 2020 Bailout? Isn't that corporate socialism? 1 1 Quote Link to comment Share on other sites More sharing options...
El Menudo Posted March 24, 2020 Report Share Posted March 24, 2020 3 minutes ago, AngusMactavish said: Bailout? Isn't that corporate socialism? Yes it is Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted March 24, 2020 Report Share Posted March 24, 2020 What happens to world trade if the airline industry crashes? This is a very tough call. Are you ready to give up the freedom to fly? Remember the times when airline tickets were so expensive it was basically a luxury and few people could afford international tourism? Tourism is the third largest sector of the Mexican economy and it employs huge numbers of people. What will happen to them and their communities if it never comes back? Like it or not the world does depend on some businesses in the global age. This makes more sense to me than bailing out one or two bloated and inefficient automakers. Quote Link to comment Share on other sites More sharing options...
AngusMactavish Posted March 24, 2020 Report Share Posted March 24, 2020 Doesn't capitalism work on the risk/reward system? The only losers should be the stockholders. If there is a bankruptcy, the planes will be auctioned and new investors can reengage them. 3 Quote Link to comment Share on other sites More sharing options...
El Menudo Posted March 24, 2020 Report Share Posted March 24, 2020 1 minute ago, AngusMactavish said: Doesn't capitalism work on the risk/reward system? The only losers should be the stockholders. If there is a bankruptcy, the planes will be auctioned and new investors can reengage them. Smart and good business. The government should not be bailing out poorly run businesses and CEO’s. 1 Quote Link to comment Share on other sites More sharing options...
RickS Posted March 24, 2020 Report Share Posted March 24, 2020 Yes, it is a very tough call. Suggesting that all airlines will definitely crash without bailouts might be a stretch and certainly is not a given. They have enjoyed a number of years of 'smelling the flowers'. A few years of smelling something else might should have been planned better for. This is a 'once in a lifetime situation'. Expecting to be made whole 3-weeks in may be a bit premature and unreasonable. BUT yes, again, it is a tough call. Quote Link to comment Share on other sites More sharing options...
gringohombre Posted March 24, 2020 Report Share Posted March 24, 2020 This OP does not have a clue. Think of all the lower and medium pay employees who now have no job. 2 Quote Link to comment Share on other sites More sharing options...
virgo lady Posted March 24, 2020 Report Share Posted March 24, 2020 I have a comment to the OP and for the mods STOP posting your every stream of consciousness random thought in the Ajijic section of this board. Get a life. Seriously. 2 2 Quote Link to comment Share on other sites More sharing options...
Go Solar Posted March 24, 2020 Report Share Posted March 24, 2020 Agree 110% with that. Go away Eric. 1 1 Quote Link to comment Share on other sites More sharing options...
Eric Blair Posted March 24, 2020 Author Report Share Posted March 24, 2020 1 hour ago, virgo lady said: I have a comment to the OP and for the mods STOP posting your every stream of consciousness random thought in the Ajijic section of this board. Get a life. Seriously. I think part of the purpose of this board is to engage is discussions. I am more than willing to listen to the input of any moderator. I mostly now try to post informative information. Sometimes I do post my thoughts, just as most posters do. 1 1 Quote Link to comment Share on other sites More sharing options...
johanson Posted March 24, 2020 Report Share Posted March 24, 2020 We all love you, Eric. 1 Quote Link to comment Share on other sites More sharing options...
slainte39 Posted March 24, 2020 Report Share Posted March 24, 2020 9 minutes ago, johanson said: We all love you, Eric. You can add to your comment……..minus one. What´s there to love??? 1 Quote Link to comment Share on other sites More sharing options...
Eric Blair Posted March 24, 2020 Author Report Share Posted March 24, 2020 2 hours ago, Mainecoons said: What happens to world trade if the airline industry crashes? This is a very tough call. Are you ready to give up the freedom to fly? Remember the times when airline tickets were so expensive it was basically a luxury and few people could afford international tourism? Tourism is the third largest sector of the Mexican economy and it employs huge numbers of people. What will happen to them and their communities if it never comes back? Like it or not the world does depend on some businesses in the global age. This makes more sense to me than bailing out one or two bloated and inefficient automakers. IMO, not really a tough call since in out modern societies, we need the airlines. The problem is, as I see it, that the airlines know how dependent people are on them, and have used this to their advantage. I go back to my original post. No more multi-million dollar bonuses; no more price gouging/nickle-and-dimming and excessive fees, I support better pay for the rank-and-file workers, etc. If prices, fees, penalties are allowed to continue to rise. then your "freedom to fly" will be an illusion, an unreachable goal for the average person/family. Do the math; Your middle class Mom, Dad and two kids want to fly to X. How much can they really afford for airline tickets, etc? If anyone has a personal response to/about me, please send by I.M. Thanks. 1 Quote Link to comment Share on other sites More sharing options...
Xena Posted March 24, 2020 Report Share Posted March 24, 2020 22 minutes ago, johanson said: We all love you, Eric. Speak for yourself, Pete. 1 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted March 24, 2020 Report Share Posted March 24, 2020 2 hours ago, AngusMactavish said: Doesn't capitalism work on the risk/reward system? The only losers should be the stockholders. If there is a bankruptcy, the planes will be auctioned and new investors can reengage them. In the mean time service will be massively disrupted and many, many people will lose their jobs. There's no free lunch. You're not talking one or two collapses, you're basically talking all of them at once. I suggest some review of how similar collapses during the Great Depression took many years to resolve themselves. The last word depression led to a world war. Now there are even more trigger happy countries around. Definitely some conditions should be applied to receive aid. This is true of both companies and individuals. The western world hasn't had pure capitalism since that depression. That's because the pure thing had the bad habit of crashing and wiping out the working people. The rich folks almost always know how to take care of themselves. Quote Link to comment Share on other sites More sharing options...
AlanMexicali Posted March 24, 2020 Report Share Posted March 24, 2020 57 minutes ago, Lily H said: That's what a drama king and attention seeker does - blows his own trumpet if failed to get compliments. ... and also claims others are clamoring for attention - pyscological projection. Quote Link to comment Share on other sites More sharing options...
Xena Posted March 24, 2020 Report Share Posted March 24, 2020 10 hours ago, AlanMexicali said: ... and also claims others are clamoring for attention - pyscological projection. “Eric” proves daily that while irony is not dead self-awareness obviously is. Quote Link to comment Share on other sites More sharing options...
RickS Posted March 24, 2020 Report Share Posted March 24, 2020 57 minutes ago, Xena said: “Eric” proves daily that while irony is not dead self-awareness obviously is. Seems I am out of "thingies" today AND I HADN'T USED ONE YET! So something or someone is rotten in Denmark. Anyway Zena.... good insight! Quote Link to comment Share on other sites More sharing options...
Ferret Posted March 24, 2020 Report Share Posted March 24, 2020 I have now written to Chapala head mod and received one reply which said that nothing was wrong with the number of emoticons used. So, I said that perhaps I was describing them incorrectly and should be using the word reactions and listed them. I haven't heard anything back yet. Not really important in the big picture just frustrating. I would suggest that you and others contact the forum to make your complaint known. This has now been going on for over a year for me. Quote Link to comment Share on other sites More sharing options...
johanson Posted March 24, 2020 Report Share Posted March 24, 2020 How many emojis do you think you can use per day? I have never been limited Quote Link to comment Share on other sites More sharing options...
crynoutloud Posted March 24, 2020 Report Share Posted March 24, 2020 What is the problem with bankruptcy? As in BANK. If everybody goes belly up that is a big problema for the bond holders and all the companies in the U S are loaded with debt. The Government wants to bail out the companies rather than the banks which would be catastrophic. They don't want a replay of 2008 because the people would wail about another Wallstreet bailout. Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted March 24, 2020 Report Share Posted March 24, 2020 15 minutes ago, johanson said: How many emojis do you think you can use per day? I have never been limited The reference here is not to the paste in emoticoms it is to the response emoticoms at the bottom right of the post. 1 Quote Link to comment Share on other sites More sharing options...
tkessler Posted March 24, 2020 Report Share Posted March 24, 2020 Intuitively, air travel has gotten out of hand. Its just too damn fragile. Airports keep expanding, # of flights keep growing. As Eric points out, the business model is broken when you have to depend on baggage and change fees to make a profit. We need to bring back the trains for trips 400 miles or less and use the airlines for the longer hauls. 3 Quote Link to comment Share on other sites More sharing options...
ezpz Posted March 24, 2020 Report Share Posted March 24, 2020 The first priority should be to get the whole CV pandemic under control. Give financial aid to workers and small businesses and hospitals who are desperately in need of equipment and supplies in the richest country in the world. How great is that??? Are we great again? As long as CV is around, people will not want to travel anyway, that is how most of it got spread around in the first place. I've made 14 trips in the last 3 years and I ain't going nowhere until there is no more CV anywhere. No bailouts for airlines, cruise lines, or hotels. Guess who might have a very vested interest in hotel bailouts... Here is how Korea successfully dealt with their CV crisis: https://www.todayonline.com/world/covid-19-how-south-korea-flattened-curve Quote Link to comment Share on other sites More sharing options...
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