Hecklers2002
M.82
The grant conditions, which the government did grant certain exemptions for, are not very onerous. Indeed the fact they are all asking for more money proves that the money received is worth much more than any terms or conditions. It would be like your dad giving you two weeks allowance money if you did your homework for a week. Sure, I'll take the money for those easy to accomplish terms.
You are correct in saying that airlines need to manage better for the long term. When you are receiving handouts, it is easier and less risky to obtain those than it is to make difficult business decisions. The problem is that over time the handouts can become expected and it can interfere with developing a workable plan and strategy if for some reason those handouts dried up. Sometimes, it can surprise you what someone can come up with to survive and thrive once the gravy train comes to a halt.
As for the terms of the grants-I’ll be honest and say that’s a bit of Monday morning quarterbacking. I think most people thought those terms were fair when they came out because I don’t think anyone expected things would be the way they are now.
I’d argue that nothing is expected or become the norm. It takes both sides to make a deal and luckily for us one of those sides as subject to turn over at least every 2 years.