2024-07-02 23:06:05
The airlines have, in fact, paid back portions of the money as required by the agreement & the government was given stock warrants: [Link] The money provided could only be used to pay workers, similar to the Payroll Protection Plan; portions were given as grants, not loans NEEDS_MORE_RATINGS(19-2-37) Author
2024-07-03 11:24:07
NNN. The above CNs should be in the op comments and not a CN. NEEDS_MORE_RATINGS(5-1-2) Author
2024-07-04 11:51:59
The $30.5 B profit number is for all airlines worldwide, not just the U.S. ones to which the Covid payroll bailouts applied. And it's on $996 B in revenue, a mere 3.1% profit margin. The higher fares are due almost entirely to higher costs, not higher profits. [Link] NEEDS_MORE_RATINGS(2-0-0) Author