Warm Southern Breeze

"… there is no such thing as nothing."

Airlines: Bail us out… again!

Posted by Warm Southern Breeze on Saturday, March 21, 2020

When the CEOs of corporations are paid the same wages as the LOWEST paid employee of a company, THEN -and- ONLY THEN should their “bailout” requests be even remotely considered.

Bastards, all.


WASHINGTON/CHICAGO (Reuters) – Chief executives of major U.S. airlines were reaching out to key members of Congress on Saturday in a last-ditch uphill effort to try to win cash grants to weather the coronavirus crisis, warning that the consequences if they did not receive help could be dire, two people briefed on the calls said.

FILE PHOTO: Planes are seen parked at gates at San Francisco International Airport, as coronavirus disease (COVID-19) disruption continues its spread across the global industry, in San Francisco, California, U.S., March 17, 2020. REUTERS/Shannon Stapleton/File Photo

Senate leaders are hoping to reach an agreement on a bipartisan stimulus and rescue package to battle the economic effects of the health crisis by the end of Saturday.

Unions representing workers in different parts of the aviation industry were also making final pleas, with the head of the International Association of Machinists and Aerospace Workers asking Congress in a letter on Saturday to “backstop” the airlines with direct aid for paychecks.

The CEOs of 10 U.S. passenger and cargo carriers said that without direct cash assistance, “draconian measures” such as furloughs may be necessary. Unions insist that support be conditioned on the airlines not breaking collective bargaining agreements.

Senator John Thune, the Senate’s No. 2 Republican, said airline grants were not winning backing “at this point, I don’t sense support for it here or with the administration. But like I said, nothing is done. These issues are still being negotiated.”

Airline officials said privately they face an uphill battle in the face of “anti-bailout” sentiment among some lawmakers.

Read more: https://reut.rs/2y1yyNf

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