Kevin O'Leary: Don't give airlines any more coronavirus relief money, we don't need all of them

, said he believes the U.S economy will be substantially altered as a result of the pandemic, with consumers adopting new behaviors. For example, O'Leary said, "I am convinced business travel will drop 15% to 20% even after the vaccine hits."

However, O'Leary, who has numerous business investments through "Shark Tank," said there is a role for the government to play in providing assistance to workers during the upheaval. "I don't mind giving employees some support during this transition, this digital pivot that's occurring in the economy." He also runs an exchange-traded fund company, O'Shares ETFs.

, said he believes in O'Leary's premise that a free market should decide the winners and losers. However, he stressed the public-health crisis is a difficult operating environment for business, especially airlines. He said there would be benefits in providing aid that allows the carriers to retain workers.

Source: News Formal (newsformal.com)

Of course, we only need the CCP owned airlines that they’ve been buying up. You people are so transparently communist.

Rizktaker16 as you are a proud shareholder of AC, you would definitely not agree ahah

Fuck Kevin O’Leary

He’s not wrong

Says the rich man

it`s allways good to have a cussion of money to land on..

Free enterprise exchange or free commodity order

U cant let jobs be lost in nanny nation?

Start commandeering monies from billionaires... we don’t need all of them.

The airlines need to learn how to manage their finances like everyone else. This isn't the first time that demand for air travel has dropped, nor will it be the last. If we keep bailing them out, they will never learn to manage their businesses responsibly.

Please don't listen him. That would be the best advice for The world.

You mean, when, now Really We would decide to cut airlines based on the pandemic? 2 weeks prior to the Covid, airlines couldn’t get enough planes and flights were oversold! Based on your analysis we should also double our hospital capability based on covid peak, correct?

I so agree

Clearly O’Leary is not invested in the Airlines but he will self promote anything he is invested in I can guarantee that.

This guy is ridiculous

of course, because he is flying private...

Without taking an absolute stand, I’ll offer the following: I’ve heard nothing other than horror stories about current health practices aboard flights. If any part of that is true, and they are determined to continue operating in that fashion, don’t give ‘em a d*** dime(!)

chamath said the same thing back in April and was raked over the coals for it.

Exactly, All the big money will go to richer's pocket.

Notice most had no mask but they will blacklist you for NOT wearing one. tes..

Seriously, if he weren't on Shark Tank I'd watch it more. 'Mr. Perfect' or whatever HE CALLS HIMSELF. As honest/correct as Dallas... self-described America's Team.

Someone wants to buy planes lol

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