Comment by andor

> Without government help there wouldn't be any airlines left.

Could you elaborate on that please?

Edit: It's just another round of socializing risk while privatizing profit. Too big to fail is a hoax. When a firm is declared bankrupt only 1% the of value is lost to bankruptcy costs.

The other 99% is recovered by creditors through asset sales, restructuring, layoffs of people that use their knowledge in other companies.

The ratio of direct bankruptcy costs to the market value of the firm appears to fall as the value of the firm increases.

As measured here, the cost of bankruptcy is on average about one percent of the market value of the firm prior to bankruptcy.

https://www.jstor.org/stable/2326766?seq=1

I don't think this comment is entirely right, but do I stand behind the government bailouts, both for KLM, Lufthansa and Airfrance and other airlines. Why? It's simple, people can complain about Lufhansa being bailed out but not getting their money back. If the German government didn't bailout Lufthansa there would be no money to give back nor would there be any option to get a voucher because there would be no company left.

Sure, why not? The airplanes, airports, pilots, flight attendants, and ground crews will still exist.