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Diligent_String1966 t1_j298ni1 wrote

Closing shorts before they get some dumb fucking bailout package from the federal government.

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OhNoNoNoAveMaria OP t1_j2990wd wrote

I doubt they will. Even travel czar Pete Booty-G condemned them for this truly enormous fuck up. Bailing them out would make the government look even more incompetent and wasteful with money than it already seems.

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Diligent_String1966 t1_j2995x5 wrote

Lol, when has the airline industry not gotten a bailout when truly needed?

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FlyPenFly t1_j29afip wrote

TWA, PanAm, etc long list of individually failed airlines.

When an entire industry is threatened, govt intervention much more likely.

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OhNoNoNoAveMaria OP t1_j299z2i wrote

I understand why they would bail out the industry as a whole, but this is just one company, with a very negative image right now. Every other airline is fine and running smoothly, so it would look pretty ridiculous if Pete Butt Plug swooped in and bailed out one company for fucking up massively on it's own accord.

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joevan55645 t1_j29dc22 wrote

But that's the thing, if you have been short this stock for a few weeks. That's an absolutely terrible headline. You're up quite a lot on your short. The momentum was strongly to the downside. These are all things I would notice for a cover.

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interwebzdotnet t1_j29ai02 wrote

> condemned them for this truly enormous fuck up

Lets check in on how that slap on the wrist hurt WellsFargo and HSBC, no?

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bob_miller_jones t1_j29cl4l wrote

Have you seen how govt and industry work? They don't need a bailout, but if they did, the money would be there

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