Bloomberg - Ryanair Is Right About ‘Crack Cocaine’ Airline Bailouts Air France-KLM and Lufthansa could end up with 20 billion euros of taxpayer cash. How is that fair on better-managed rivals like British Airways? Lufthansa has brazenly threatened to seek creditor protection if the details of a more than 8 billion-euro German rescue aren’t to its liking. In contrast, the terms of Oslo’s support for Norwegian Air Shuttle ASA are severe. After being bailed out, Lufthansa and Air France-KLM will have to divert more of what little cash they generate to servicing a bigger debt pile. No wonder banks and capital markets aren’t willing to lend airlines more cash without government guarantees. The lesson for the famously abrasive O’Leary is to devote less time trying to outcompete rivals and more time getting cozy with politicians.