Only piecemeal additions to cargo capacity on China-US flights
US airlines are reluctant to resume China routes they suspended during the pandemic, auguring tight ...
Interesting piece in the New York Times looking at the US airline bailout programmes. While 75,000 jobs were saved, it was at a cost of $300,000 each. And it is airline shareholders who have made the most gains – many of which are of course airline executives who failed to save for a rainy day, instead opting for share buyback programmes over the years. Aviation received more support than any other industry in the US – and yet last month, United, shortly before receiving its third rescue package, invested $20m into an electric helicopter company. As the NYT notes: “Does that sound like a company that is in such dire straits that it requires a taxpayer-funded bailout?” Quite.
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Alex Lennane
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