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Railroad Recession & Airline Boom | Jay Shabat on Planes & Trains
Forward Guidance
The Cyclic Economy and Railroads
A generous loan was provided to large airlines with conditions that included keeping employees on payroll./nReductions in headcount were allowed through voluntary separations, but firing employees was not allowed./nThe government bailout had strings attached to ensure the preservation of jobs and expertise./nSimilar bailouts were given to Boeing and other industries in the ecosystem./nRailroads specialized in freight transportation, not passenger transportation./nRail demand during 2020 and 2021 will be discussed later in the podcast.
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