- Hawaii to Visitors: We’ll Pay You to Leave by NY Times.
- Spirit Offered Me Over Twice My Ticket Value To Take A Voucher. I Said No. by Travel Update.
- President Trump’s Big Beautiful Deal For Airlines: Advance Bulk Purchases Of Tickets At A Discount by View From The Wing. This is the sort of assistance I would have preferred to see airlines receive rather than straight bailouts.
- Gilt: Buy $40 Aerie PROMO Card For $25 by GC Galore.
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For lack of a better place to post this, regarding Citi AA retention offers. Personal = none, so closed that account. Biz = $99 statement credit or 7,500mi (worse offer) for 1k spend in 3mon. I asked if they had a higher retention offer for more spend, but they said no. Undecided, but leaning toward closing.
2008: "If we bailout the banks, moral hazard means they'll never act responsibly again"
2020: "So banking is our only industry that doesn't need a bailout"
Let them go bankrupt -- the companies don't cease to exist when they go bankrupt, the equity just gets wiped out and the debt holders take over. Only after bankruptcy should the government consider bailouts/support -- the equity holders over-leveraged the company which put it in this position and now they are going to be rewarded with taxpayer dollars.
This goes beyond privatizing gains and socializing losses since now we are taking $ from taxpayers to turn the losses into gains