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Old 03-27-2020, 05:33 PM
iamthewalrus(:3= is offline
Join Date: Jul 2000
Location: Santa Barbara, CA
Posts: 12,525
Originally Posted by snowthx View Post
This is helpful to understand the situation. However, what happens to all those vouchers and credits if your airline goes bankrupt or belly-up? While I agree the airlines are being as flexible as they can, for most of their customers, they look at it as a purchase of goods and services not received, and are due a refund.
They get in line with the other creditors.

People who paid for a flight they can't take aren't privileged over employees who are due their last paycheck, or contractors who are due payment for services supplied, or holders of bonds who gave their money to buy planes, etc.

Bankruptcy sucks and everyone takes a hit.