Quote:
Originally Posted by EricVR4
As much of an impact as an airline going under would have on me, I'm having a hard time feeling bad for them right now. I feel bad for their employees, but not the companies themselves. They way they've been running things ever since they got on their feet again after 9/11 has been awful.
At this point, if they fail, they fail. The way they just keep over-inflating their stock prices by spending all of their cash on buy-backs has been so stupid. They got greedy post-9/11 too and once they started charging for everything under the sun, they never stopped. Despite turning massive profits again.
They all need an entire over-haul on how their businesses are run. So if they do get bailouts again, which I'm sure they will, they better come with some ridiculous stipulations on how they operate going forward.
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I would be all for government regulation on a few key items-
Pricing and Service
Set price limits on routes and provide minimum seat pitch, size etc etc... offer 100% refunds and cancellations / changes. Reorganize the boards and forbid stock buybacks for 5 years...
Then a bailout is not a problem...