Saturday, December 08, 2007

United Airlines: More cash than they know what to do with

It's not so long ago that United Airlines were in bankruptcy, accepting US taxpayers' cash to cope in the turbulent times after September 11th 2001.

Now, though, they've got so much money, they're talking about giving half a billion to shareholders.

Legally, they might not have to share this cash with American taxpayers or those who held debt in the company before it went into protective bankruptcy... but isn't there a moral case? If it's really got half a billion quid it doesn't know what to do with, after the American nation bailed them out, maybe it should think about a sizeable charitable donation?

No comments: