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> A new airline might form to take its place, which would probably be a little more prudent than the last one. It's a pretty innocent view of the world. Or th
by adev_ 7y ago
> A new airline might form to take its place, which would probably be a little more prudent than the last one.
It's a pretty innocent view of the world.
Or the new company would just behave exactly like the old one because it is the best short term strategy for shareholders.
And anyway, in case of new crisis, their new high executive will sell their share right before (exactly like Jeff Bezos did https://www.theguardian.com/business/2020/mar/27/jeff-bezos-sold-34bn-of-amazon-stock-just-before-covid-19-collapse https://www.theguardian.com/business/2020/mar/27/jeff-bezos-...) and look for a new job.
Any public company stopped to think long term a while ago. Prudent means less profitable.
- fock 7y agomaybe people might realise through the ensuing turmoil what a shitshow business has become actually...
- sfj 7y agoYou think that bailing all these companies out has no effect on how companies run their business going forward? And you claim I have an “innocent view of the world”...
- adev_ 7y agoYou are speaking about an industry where the margins are so thin that small fluctuations in petrol price or minor geopolitical events are enough to make a dozen companies brankrupt every 2 month. Also yes, hoping that the coronavirus make them suddenly resilient, it's pretty innocent :)
- sfj 7y agoI wasn't talking about a specific industry. And even if I was, a dozen passenger airlines go broke every two months? I'd like to request a citation on that one. And I wrote more prudent, not “suddenly resilient”. Why don't you argue against what I actually wrote, rather then a straw man you made up?
- mxcrossb 7y agoThere’s thinking long term, and then there’s thinking “what if the government shuts down the economy over a once in a hundred year pandemic?” There might not even be an airline industry next time this happens. I honestly think it’s totally unreasonable for the public to limit the finger at these companies and said “you should have planned”