Daily US Airport Travelers Down 96%
Three Questions...
The powers that be are convinced there should be no consequences for short-term oriented management of major US companies. That includes airlines.
In a deal announced yesterday, US airlines will receive $25B. Most of that money is a grant. A smaller portion of it is loan to be repaid over the next decade. The big catch for the airlines is that they can’t layoff any staff until September 2020.
More than 500,000 people work for the Airlines. What will they do now?
The TSA keeps track of how many people go through its checkpoints each day at US airports. This number includes everyone who goes through security including airport and airline staff. And, as you would expect, that number has fallen dramatically over the last several weeks.
How soon before you plan to get on an airplane?
How much lower can these numbers go?
In exchange for the cash, US airlines can’t layoff staff until September. What will these 500,000 people do until then?
I’d like to hear your thoughts in the comments below….
1) Tomorrow if the Govenment allows it; 2)Doubt much more; 3)Whatever they want I guess, at least they are getting paid which is more than a lot of other people are getting. Better minds than me are working on it apparently.
1) After tomorrow 2) It depends on how the government controls this outbreak. If social distancing remains active, I dont think it will get much lower. If we reopen prematurely, I think it can really impact it more. 3) Go to work or just get paid for being at home. Either they work or don't work, but will still be paid.