bailout

Would airline CEOs also cut their pay to $1 for a bailout?

by Christopher Elliott on December 2, 2008

The CEOs of the big three automakers have promised to cut their salaries to $1 if they get a government bailout. If the plan works, will the airlines try it the next time they plead with the taxpayers for a rescue?

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How much is $700 billion? Let’s put it in travel terms

by Christopher Elliott on September 24, 2008

What’s $700 billion? It’s the projected cost of the federal bailout of the nation’s ailing financial system. But what is $700 in travel terms?

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It’s only a matter of time before airlines demand a bailout, too

by Christopher Elliott on September 22, 2008

First, Wall Street is being bailed out to the tune of $70 billion. Now, Detroit is likely to get $25 billion in federal aid. Can America’s ailing airlines be far behind?

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