Originally Posted by
Boraxo
I was going to say that sudden shutdown and liquidation of a major US carrier a la Thomas Crook would not be permitted due to the economic disruption. But I'm not so sure now given the current state of affairs. That said I expect that all carriers will receive bailouts and resume service (perhaps temporarily reduced) when this crisis has passed. Even with millions temporarily unemployed, people are not going to give up business and personal travel once they are allowed to resume. And there is not sufficient overlap (or political support) to "sacrifice" airlines to maintain the purity of capitalism. We are well beyond that now in Washington.
The Senate just approved nearly $25B in salary payment grants to the airlines. And another $25B in loans and loan guarantees.