Airlines are always a boom or bust operation. They're either making money hand over fist or in bankruptcy, there doesn't seem to be any in between. When times are good, like they have been for the last 10 years or so for them, they give their executives huge bonuses and use the extra money on things like stock buyback schemes. They know a downturn is inevitable and they should be stockpiling cash to deal with it, but the greed is too strong and they know they can just run to the government for a bailout or declare bankruptcy to get out from under their obligations and screw their employees. The options for government bailouts need to be taken off the table for these guys, it's a pattern just like welfare for single mothers that keep spitting out kids they can't pay for when they know the government will just give them money.
This seems about right, for a lot of corporations...Pay your fûckn people, you greedy bastards...😎
