The Airlines Run Out Of Bailout Money In Six Days. Here's What Happens Next: CNBC After Hours

The airlines can go to hell. If actual working people can't get a bailout then neither should they.

If the govt wants the people to get their salary, they should just pay it directly to the people not the airlines. Cut the middleman and decrease bureaucracy.
Trickle down is absolute bs.

No more bailouts. The CEOs either learn about rainy day funds and investing or fall apart.

No bailout for airlines. What happen to all this millions of dollars they were making every year ? In the pockets of airlines ceo.

25 billion to an industry that’s just burning money (let them file bankruptcy and reorganize. It’s the cycle of capitalism), but 600 a week of unemployment benefits is too much for the government 🧐

If you give money to airlines they'll become lazy and stop working. /s

Sounds like the airlines should pull themselves up by their boot straps. That's what the American people were told, so why not them too?🙄

THEY SHOULDN'T HAVE BEEN BAILED OUT TO BEGIN WITH

Not a dime for airlines. The management bought their worthless stock with cash/debt to jack up shareholder returns and now they cry poor-mouth w/ tax money. Let the creditors take the company over and run it with new management. That's capitalism. The planes and most of the employees will still be around during bankruptcy. Give average folks cash instead.

When times are good, people say why pay taxes, taxes are so high. In crisis, everyone wants a bailout. Hypocrisy

Airlines, go get a life. You chose to play with fire before and now you want all of us to pay the bill for you. You’ve got such a nerve.

The airlines blow thru 25 billion but they basically tell us " you should have budgeted that $1,200 better." A joke.

"We need more bonus money...ooops...we mean bailout money"

This is why buffet dumped his stock in airlines

I’m not against airline subsidies, that’s if they are prohibited to stock buybacks for the next however many years and executives have to take a significant pay cut. Plus they’ll need to pay back part or whole of the bailout in some shape or form (could be for decades, but they need to pay it back eventually)

Letting 80% of small businesses die like this is crazy!

I don't think those who are saying let the airlines go bankrupt fully understand what that would do to the economy, businesses, mail/package delivery, what's left of tourism, remaining flight prices, etc. So much revolves around the airlines, even if you don't fly yourself. With that said, I do think there should be major pay cuts, repayment programs, etc tied to these bailouts.

In Scotty's words, "endless money pit"

Doubt air travel will be back to where people want so can see more bailout requests for next few quarters, best to let some fail and spend the billions to help workers transition

Weren't the airline profits increasing quarter over quarter prior to the pandemic? I've not been following the situation but did they not put those profits into their piggy bank?

Let them fail

Rather inequality in productivness costs 16 trillion.

Mark Cuban: give $ (juz not mine)
Andrew yang: hey 👋 that was my idea 💡
In other countries, airlines do get bailout but staffers and execs need to take 40-50% pay 💰 cut. Share d pain.

My dumbfounded conundrum is where does the $2.4 tn come from and if a company(a) takes like $25bn ‘basil out’ why is there still any walrus whatsoever in the stock price at all. Surely at point of accepting bail out equity value must be zero?

Cuban wants all Americans to have a mini Brewster’s Million.

Wait till the price crashes and then buy ticker symbol JETS

United is still holding $1200 of my money hostage after they cancelled my flight 6 months ago. My credit card company won’t do crap to help me get my $ back either since it is COVID related.

why do they always have to check the sound?

Let the Airlines fail, fire the high paid Executives, give the money directly to the employees and Loan the Airlines the money only. We have saved them way too many times!!

Gran informacion de gran valor que sirve para ver el termometro empresarial y de noticias en general sin ser parcial o tendencioso invaluable para evaluar tendencias y en consecuencia tomar deciciones en el ambito empresarial.

No fossil fuel no airlines no bailout

After recovering from the last recession, airlines invested into buying back stock to artificially increase their stock prices. Instead of having a rainy day fund, they did that BS. About 90 billion each airline.

I’ll quit my Engineering job and play video games all day if I get direct payments. Please be true!

Thank you

Delta is opting out of further loans from the Cares Act. And is not laying off pilots until Nov, hoping that negotiations with ALPA will provide relief to prevent pilot layoffs.

American’s DCA to MIA route is still fully booked every day with multiple flights

So mark cuban and rich people like him should pay more taxes if he wants to help out the American people. Also airlines don't need bailout as they are not really essential service. As for air delivery, UPS, Fedex, DHL, Prime Air, etc are already getting help because they are essential for delivery of goods. Instead we should save the money from giving the airlines to make our healthcare better, and give us another round of stimulus checks or more. Unemployment benefits are also a green light. But the problem is giving airline employees pay. It's a double edged sword but I guess another stimulus check would be helpful, and so would be more unemployment benefits.

Senoir counter agents make $33.00 an hour! Thats more than a GM at mcdonalds. As a primary source i even seen supervisors purposely write awful schedules to guarantee the staff has opportunity for overtime. Our money should not go to pay a counter agent at american airlines $50 an hour to stand there and be rude to the public. Who cares if 75,000 airline employees lose their jobs there 14million american who have already been living through the pandemic without jobs. The airlines is the entire reason the pandemic has spread as fast as it did. Do not use our money to pay the senior flight attendants $99.00 annhour because they dont want to retire and the union protects their ridiculous salary. The entire airline can rehire and train new employees at a standard rate of $15.00 an hour. The payroll system is horrendous and the airlines are destined to fail with or without bail just based on that alone. The unions coleect $14 a minth from employee the protect their salary. Need i say more?

Stop all the bailouts and open up the economy. Go out at your own risk.

really nice content

rather than fire everyone in the airline industry can take a pay cut including the ceos and shareholders who make millions. pilots and flight attendants who make 100 K + excluding the extra benefits . some of us in society are really struggling with 20k-30k annual salaries and no bail out aids

The government should just take over one airline and run it at a small percentage above cost. That would cut out a lot of this idiocy. We keep bailing them out anyway. We might as well go into the airline biz. We could hardly do any worse.

These big corporations just don't want to dip into their own funds... How do they not have any of their own money after so many successful years? As long as they can cover the expenses they don't need massive "profits" for this year.

No way. You shoulda saved for a rainy day.

Oh airlines are an essential service? I agree. Time to nationalize them. Far too important to stay private

interesting how all the apps are ganging up on Apple after they were too chickenshit to do it alone.

Why don't the executives take a pay cut ?

Mark Cuban? The Atlas Shrugged megafan? Advocating for UBI? Wow...2020 is weird.

good work

Anyone else freaking out over what could happen in Thanksgiving?? No flights is bad for business. Too many flights is more contagion JUST before winter :/

CALL YOUR SENATORS! NO MORE BAILOUTS!

isnt risk part of doing business?

Congress gave them billions but gave us a few hundreds an airline's complaining.

Airlines are the number one reason why the virus spread so fast around the world, but it's not like they were forced to shut down

People are realizing air travel is bad for the planet and stuff to do near home

No more bailouts for companies.

Retired airline EVP... If the lockdown would have been fixed at two weeks as planned instead of six months, the industry may have has a reasonable chance of recovery. At this point, with such low load factors and fewer flights, airline carriers are going to have to make very difficult changes or some may go out of business entirely. The constant media barrage of fear has pretty much destroyed an extremely vital and essential part of our economy. Once the seeds of fear have been firmly planted in the minds of the public, it may require decades if ever to recover. In my view, the entire affair has been handled very poorly. President Trump is not to blame. It is career bureaucrats and so-called "experts" who brought this nation to its knees without firing a shot. Our constitutional rights and freedoms have been trampled upon, and that should worry each and every one of us. Congress has no choice but provide a modicum of support to the airline industry. If they fail. the American economy and our way of life simply cannot continue.

The airlines are in fact one of the most hated industries in America if not the world.

you can't just tag that the end of the video. you need a deep dive

Cuban's idea is the stupidest thing I have ever heard. Can you imagine the shortages that would happen when people try to buy $4k of necessities before their money runs out? It does nothing to help the average American much and is mostly just going to boost earnings for corporations for a quarter.

this video only showed up in my feed 6 days later

Nahh.. CEOs gave themselves huge bonuses (millions) .. Companies bought back their shares (hundreds of millions) .. Share holder made themselves richer (millions) .. So let them use that money

Dear Billionaire Mark Cuban: Talk is cheap

They talk about 25 billion dollars like it’s nothing while thousands of Americans wonder if they can have money for there next meal or for taxes and bills. Help the people not big corporations with billions of dollars to fall back on. When you give the rich money they don’t help others they just stuff there pockets with it

So are airlines going to pay that back ?

The Airlines should sell their over exaggerated stock prices resulted from stock buybacks. And what the hell did the airlines do with the last bailout stimulus? Bought back more stocks?

You just showed a clip from a chick who works for JP Morgan🤷‍♂️😂😂😂🤣

Good news, these giant airlines must meet their faith just like all privately owned business. Image the CEOs and their top employees still dreaming and living with full paychecks, salaries and bonuses while other small businesses have to bite the bullets.

let them fail!

so $50 billion for the airline companies? How much for the people?

Bailing out only if executives agree not getting any pay

@ 7:44... did she say foa-ray for the word foray?... is it not pronounced for-ray? ... english evolution... make it as you go.

The music. Taking a risk lol

I'm against an airline bailout. Voting Californian.

No pity for these greedy corporations. I had a flight scheduled and due to corona I wont be able to travel. Even though I bought insurance, they are pointing me to each other on who will reimburse me. Add insult to injury, somehow paying a $400 penalty is going to help me get my money. Screw them.

Why not just print more money for everyone?

Is the value of c suite execs fully 300X that of average employees? With that kind of disparity & the army of tax lawyers & accountants to avoid progressive taxation, the public debt will continue to balloon at an exponential rate.

should have saved that stock buy back money for a rainy day....

The airlines are essential for the recovery of the US economy. Airlines provide transportation for businesses and vacations which boost the GDP. The government has to bail out the airlines again if they want a fast recovery. For those of you who are complaining not to bail out the airlines, remember this.. Your ticket prices will triple or quadruple when the airlines are bankrupt and are providing less flights. Tickets are cheap because there are abundant of flights and competition to lure customers. Just wait until you need to fly somewhere and pay $2,000 for a ticket when it was only $500 before. Maybe you will learn your lesson then.

Lenghty report for just saying there was a Fitness Bike scam on Amazon

Let the airlines die. Same for big corporations. Stimulate the people, not the corporations. They didnt have a problem with giving their CEOs bonuses or paying money out to shareholders.

First make airline's cash in their stocks which they bought with FED's easy money since 2008. Oh, I forgot CEO bonuses are tied to stock performance, my bad.

Good job Mark Cuban you’re doing exactly what I would do or at least somewhat what I would do if I were stupid crazy rich but you seem like a good guy so I’ll assume the best

Money well spent on those airlines

These big airlines make billions in profit, but they want more?

Here in india govt didn't gave anything to our airlines. No one was fired.
God knows how they survive as even during normal time they survive on loss debt more loss more debt.
Should learn the art of loving in loss.

Unless some states get rid of the annoying 2 week self isolation upon arrival requirement and the airlines get rid of the ridiculous mandatory mask wearing that does nothing since people aren't 6 ft apart, airlines won't be able to recovery anytime soon. There are too many restrictions and inconveniences that make travel not worth it right now. Even though most airlines have finally gotten rid of the ridiculous change/cancellation fees, flying still isn't worth it right now. Especially since there's some international places re-closing their borders because of spikes.

While we're at it, can we get DarkSky back from Apple?

Bail out the employees, let the airlines sink and see which one survives. Then bail out that survivor and restructure it.

How about selling those common stock you bought back over the years? No reason for tax payers to bail you out twice while you used 90% of your profit to goose up your stock value.

everyone needs an airtight body suit in order to travel.

They need to rise and fall on their own merit. If they fail someone else will take their place.
Why make these airlines "to big to fail" companies?

we'll just invest the bailout money into salaries and bonuses for execs aaand it's gone! 😂😂😂

Why are we listening to Mark Cuban for economic policy... He’s made a technology company and owns a basket ball team. Get economists on for policy recommendations

What gives the airlines and their employees the right to keep their companies and employee level the same regardless of demand?.... On the taxpayers dime?

fix price of air ticket at $10 dollars for all airlines and see none of their earnings will land

Turn them into banks and they'd get all the money they ever needed.

Mark Cuban is correct. But the money should only go to those making less than 125k a year.

Printer go Brrrrrrrrrrrrrrrrrrrr......

Safe and sound