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Former Spirit Airlines CEO on airline bailouts

Old 08-20-2020, 01:26 AM
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Default Former Spirit Airlines CEO on airline bailouts

Iíll give Baldanza credit for doing a better job than anyone else in defending the idea of government aid to airlines. He tries to make his point by arguing against five myths commonly levied against airlines. Letís go through each one.Baldanza doesnít even dispute that recovery is ďyearsĒ away and business travel may never recover. Nevertheless, he argues that ďwe donít know how demand will recover, and the sooner airlines can start flying the better it is for the whole economy.Ē

I think most Americans would be willing to accept another short-term fix if we knew demand was returning next spring. But every indication says otherwise. Every indication says people are too sacred or unwilling to come back and business travel polices will not easily be altered.

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