As part of the stimulus package that was passed. The airline industry is going to get around $50 billion in aid. Most will say why should we bail out the airline industry. Complaints about bad customer service, bad food, delays, uncomfortable seats etc..are all true. However, bailing out the airline industry is a definite necessity. Here is why. The airline industry is one of the toughest industry to turn a significant profit because of its high overhead costs. If the airline industry totally tanks, people will feel its effect. For example, if there are 2 major airline left standing, its pretty much a monopoly at that point. The demand for flights will far outweigh the supply as a result ticket prices will be much higher that you are paying right now. You ordered something from Amazon? Forget about 2 day shipping. Need to fly from Boston to LA for thanksgiving? Sorry, all sold out. Need a last minute flight and your looking to pay thousands of dollars. Is this what people want? The economy will also be affected. The airline industry is more important than people know or realized.
“this is your captain speaking, we are clear for takeoff”