2 ms·
That's not exactly true this time. The airlines, for instance, are getting about $35 billion in outright grants, and $15 billion in loans and warrants equal to
by jlmorton 6y ago
That's not exactly true this time. The airlines, for instance, are getting about $35 billion in outright grants, and $15 billion in loans and warrants equal to 10% of the total.
The large part of it is free money, and many major US airlines have been the worst offenders at financial engineering, spending the large part of their free cash flow on stock buybacks, and running the business on razor margins.