Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Berlin_Freeper

Aren’t they required to buy tickets with the revenue they get from customers and then get reimbursed a markup from the hotel or airline to make their profit? This should not have caused a stranding unless they were taking the money of clients and using it for payroll.


9 posted on 09/22/2019 7:42:10 PM PDT by aynrandfreak (Being a Democrat means never having to say you're sorry)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: aynrandfreak

Most likely the travel agency reimburses the carrier at the end of the month, etc. In other words, the carrier extends credit to the agency. If the agency is not solvent then the carrier stops accepting passengers booked through that agency.


13 posted on 09/22/2019 7:53:37 PM PDT by steve86 (Prophecies of Maelmhaedhoc O'Morgair (Latin form: Malachy))
[ Post Reply | Private Reply | To 9 | View Replies ]

To: aynrandfreak

Sounds like how our government runs Social Security...


15 posted on 09/22/2019 8:04:59 PM PDT by PLMerite ("They say that we were Cold Warriors. Yes, and a bloody good show, too." - Robert Conquest)
[ Post Reply | Private Reply | To 9 | View Replies ]

To: aynrandfreak

I bet they were doing exactly that, getting money from customers and using it to make payroll. And using money from new customers to pay the travel expenses for the 1st group of customers. Sounds like a pyramid scheme. Then it fell apart without new money coming in.


33 posted on 09/22/2019 8:58:07 PM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 9 | View Replies ]

To: aynrandfreak; Skywise

I believe it was their own planes. So if they weren’t going to buy fuel or pay the pilots to fly people home, or pay airport fees, etc. then people were stuck.


35 posted on 09/22/2019 9:05:11 PM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson