The 4 top airlines have spent more than $300M on lobbying since the last bailout. The industry, which received $5B in taxpayer funds & another $10B in loan guarantees after 9/11, is receiving $61B in taxpayer money & guarantees under the $2T stimulus bill.https://www.fastcompany.com/90483154/the-airlines-due-to-get-huge-bailout-have-spent-a-stunning-amount-on-lobbying-since-the-last-one …
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The airlines have lobbied to block legislation that would require airlines to seat families together; set minimum seat sizes; and charge for use of bathrooms.
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In a letter to congressional leaders, the industry warned that it would “be forced to take draconian measures” if taxpayers didn’t give airlines at least $29B in grants so they could meet payrolls that cover ~750K workers. “Time is running out,” the airline chiefs warned.
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The airline executives have conceded the unpopularity of a bailout and offered in their letter to place limits on executive compensation, as well as eliminating stock repurchases and dividends over the life of the loans. This is certainly an industry to keep our eyes on.
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As long as the CEO and members of the board get their raises and bonuses everything is ok. Because like Trump they don’t care about the working people.
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