Surely drastic measures are needed. The worst is yet to come and this country doesn't seem to realise.
This article sums it up pretty well in my view:
https://www.socialist.net/airline-in...t-planning.htm
We can certainly expect unprecedented government intervention in the coming weeks to stop the airline industry from plummeting. But we cannot trust the current airline bosses to simply accept government money and continue as if nothing happened.
Instead of simply throwing money at failing businesses, we should take them over completely and have them run for needs, not profits.
Air travel is a vital component of the modern global economy. But capitalism has utterly failed to make this crucial infrastructure run properly. Far from being utopian, therefore, bold socialist measures are the only way out of this crisis - for the airline industry, and for wider society.
Nationalisation should be accompanied by workers’ control: giving power to those who actually run the show, and introducing genuine democracy in the workplace. After all, in the last few days, airline workers have seen the utter incompetence of their managers in dealing with this sector-wide catastrophe.
If the shareholders claim poverty, we say: open the books! Let us check what the accounts say exactly. If the bosses cannot provide for our survival in the coming months, the demand must be for the shareholders to pay for workers’ wages out of their dividends and profits.