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An $85 Billion Airline Rescue May Only Prolong the Pain

(Bloomberg) — Governments have devoted more than $85 billion to propping up airlines after the coronavirus pandemic wiped out travel demand and grounded jetliner fleets. But with job cuts racking up — 20,000 were announced in Europe this past week — a debate is raging over whether opening the spigot will do more than merely delay the inevitable.Some 80% of flight capacity remains idled, while a rebound in China has stalled, leading the International Air Transport Association to suggest the recovery will be a tortuous one. Given the financial impact and safety measures likely to be required, it could be …read more […]

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5-1-20

First quarter GDP took a hit, and it’s likely second quarter GDP will as well.
But, as Alexander Green explains, the market is already looking ahead to the third and fourth quarters. Here’s what investors understand that the experts don’t.

The post 5-1-20 appeared first on Investment U. …read more […]

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How Boeing went from appealing for government aid to snubbing it

In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. The upsized deal, this year’s largest investment-grade bond issue and the sixth largest on record, surpassed Boeing’s expectations. It underscores how the Chicago-based company capitalized on U.S. government support, even without having to accept taxpayer money as aid. …read more […]

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Trading Ideas

How Boeing went from appealing for government aid to snubbing it

In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. The upsized deal, this year’s largest investment-grade bond issue and the sixth largest on record, surpassed Boeing’s expectations. It underscores how the Chicago-based company capitalized on U.S. government support, even without having to accept taxpayer money as aid. …read more […]