' comparable numbers at $10.2 billion of debt and $1.7 billion of equity. Several airline bankruptcies in the Great Recession wiped out airline debt, so their balance sheets appear cleaner than their growth would suggest.
To cover their higher annual debt or lease payments, the travel and lodging industries have needed to fill more seats and rooms. Sure enough, load factor for the airline industry has risen from the mid-70% range in the early 2000's to 85% recently while occupancy for US hotels has climbed from around 59% at the start of the millennium to 66% last year.
In the aftermath of Covid-19, closing all leisure facilities across the country, Wynn has appealed to the state of Massachusetts and federal government for tax relief and bailout assistance, citing its hefty 5,000-person workforce.
Isn’t it considered wrong to profit off of someone’s misfortunes and Tragedies
Makes absolute sense
The profits Americans will see from the bailouts are jobs and a recovering economy. Adding strings that slow that recovery would be a mistake.
Somebody is going to pay the price tag...
Sovereign wealth fund.
It worked in the Bank & Auto bailouts, but the Unions must have skin in the game too.
This presumes the strings attached will always create profits for taxpayers. Might the strings instead create unintended consequences causing taxpayers to lose?
Because recovering isn’t reward enough. We have to benefit from tragedy?
Totally agree
that's what they do with FannieMae , 12 years and counting, rule of law?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Op-Ed: How Republicans are using the pandemic to suppress the voteIn November, Republican lawmakers could close polling places in Democratic areas and even prevent people from voting directly for the president. opinion And how Dems are using it to ramp up voter fraud. We can all play this game. opinion Of course they are...republicans cannot win without cheating. opinion Here we go again, if you all ain't seeing neither side is for us, the people. We need to vote em all out. lookintoit
Source: latimes - 🏆 11. / 82 Read more »
Theodore Roosevelt's great-grandson calls fired Navy Capt. Crozier 'a hero' in op-edPresident Theodore Roosevelt's great-grandson called the fired Navy Captain'a hero' for standing up for the crew. He is - as opposed to the vengeful treasonous coward that had him fired. Insubordination can not be tolerated in our military... especially for those in leadership positions. This turd deserves to be dishonorably discharged immediately. you should hear what his MaMa said
Source: USATODAY - 🏆 100. / 63 Read more »
Experts warn about big dollar fraud in $2.2 trillion coronavirus relief packageVeteran watchdogs of the financial industry bailout and recovery warn about potential for abuse of coronavirus funds. What experts? And dont even start with the Kennedy Center and the crap they already pulled. Böyle zamanlarda sahtekârlar ve dolandırıcılar iyice ortaya çıkarlar tüm rezilliklerini göstermek için. Maalesef, vicdansız ve tabii olabildiğince ahlâksızdırlar. COVID2019 COVID19
Source: ABC - 🏆 471. / 51 Read more »
Op-Ed: How Republicans are using the pandemic to suppress the voteIn November, Republican lawmakers could close polling places in Democratic areas and even prevent people from voting directly for the president. opinion And how Dems are using it to ramp up voter fraud. We can all play this game. opinion Of course they are...republicans cannot win without cheating. opinion Here we go again, if you all ain't seeing neither side is for us, the people. We need to vote em all out. lookintoit
Source: latimes - 🏆 11. / 82 Read more »
Theodore Roosevelt's great-grandson calls fired Navy Capt. Crozier 'a hero' in op-edPresident Theodore Roosevelt's great-grandson called the fired Navy Captain'a hero' for standing up for the crew. He is - as opposed to the vengeful treasonous coward that had him fired. Insubordination can not be tolerated in our military... especially for those in leadership positions. This turd deserves to be dishonorably discharged immediately. you should hear what his MaMa said
Source: USATODAY - 🏆 100. / 63 Read more »