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The Airlines have their hand out
The airlines are in trouble and no doubt need help.
However, it's been so good, with profits so high, only a short time ago, American Airlines CEO Doug Parker proclaimed "I don't think we're ever going to lose money again"
While raking in huge profits in recent years (nickel and diming the flying public), the airline lobbying group Airlines 4 America have asked for $29 billion in immediate grants, $29 billion in unsecured. zero interest loans and excise tax relief through the end of 2021 because of the recent crisis.
Really!?!
Thankfully the Trump Administration is considering $50 billion in secured loans only. I hope he follows through in this manner.
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Kurt
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