You can’t let airlines go bankrupt without hurting their employees

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Some with public voices think that our government’s helping hand should be stayed when it comes to aiding ailing airlines.

“U.S. airlines don’t need a bailout to stay in business,” read a headline early in the crisis, the case being made by Richard Squire, a professor of corporate bankruptcy law at Fordham University School of Law. Recalling previous major airline bankruptcies, Squire says of them, “Most of their customers didn’t even notice.”

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