$75 Billion in Band-Aids Won’t Cure Ailing Airlines
Mom always told us not to waste band-aids.
Moreover, as my colleague Gary Leff and I show in new research published by the Mercatus Center at George Mason University, the math doesn’t add up to support the arguments that a second airline bailout is about the workers. If the bailout were truly to support upwards of 35,000 airline employees for six months, assuming roughly $50,000 per worker paid out over that period (i.e., $100,000 annually), the bailout would only be around $1.7 billion, not the $25 billion package that Congress is talking about.
This article was originally posted here: https://www.ac2news.com/2020/10/75-billion-in-band-aids-wont-cure-ailing-airlines/.