Originally Posted by LAX
FYI: If you were referring to the federal bailout after 9/11, UA's application was denied, so no taxpayers' money in that regard.
LAX
The PBGC, a federal agency, has incurred many billions of dollars liabilities dumped off on it by UAL. I don't know the exact figure, but it is very high. In addition, the tens of billions of debt which UAL leaves unpaid will be deducted as losses against federal taxes by the people left holding the bag. All in, the cost to the taxpayers have probably been fleeced to the tune of $10 billion by UAL.