Former Spirit Airlines CEO on airline bailoutspar Aviate Tv
1. Former Spirit Airlines CEO Ben Baldanza has penned a piece for Forbes defending airline bailouts by U.S. taxpayers and strongly dismissing the emotional “myths” people use to oppose government support. I’m still not convinced, though. CEO Discounts Airline Bailout “Myths” I’ll 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. Let’s go through each one. Aid Now Just Delays The Inevitable Baldanza doesn’t even dispute that recovery is “years” away and business travel may never recover. Nevertheless, he argues that “we don’t know how demand will recover, and the sooner airlines can start flying the better it is for the whole economy.” 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. Former Spirit Airlines CEO Ben Baldanza has penned a piece for Forbes defending airline<o:p></o:p> bailouts by U.S. taxpayers and strongly dismissing the emotional “myths” people use to oppose government support. I’m still not convinced, though. CEO Discounts Airline Bailout “Myths”<o:p></o:p> I’ll 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. Let’s go through each one.<o:p></o:p> Aid Now Just Delays The Inevitable<o:p></o:p> Baldanza doesn’t even dispute that recovery is “years” away and business travel may never recover. Nevertheless, he argues that “we don’t know how demand will recover, and the sooner airlines can start flying the better it is for the whole economy.”<o:p></o:p> 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.<o:p></o:p>
