Opinion

U.S. airlines don’t need a bailout to stay in business

Richard Squire, a professor at the Fordham University School of Law, teaches corporate bankruptcy law.

With flight bookings in free fall, U.S. airlines have gone to Washington with their hands out, asking for more than $50 billion in loans, guarantees and outright cash grants. And President Trump wants to give them the money, explaining in a White House briefing last week, “We don’t want airlines going out of business.”