An excuse? Probably. Who knows with the airlines...
The Presidential "bail out" package is giving the airlines 4 times what they are going to be losing!!??
Also, these CEO's make around US$700k plus a year, along with million dollar bonuses...
Yes, a couple of the CEO's have given up their REST OF YEAR salaries (i.e., CO CEO for one..) which amounts to a staggering US$150k.. Big deal!!
How about forgoing the executive bonuses this year, and giving the people who are being let go, some kind of decent severance??