i don’t blame you for not seeing it, but I’ve argued that very point several times on this forum. Up til now that hasn’t been something any group of execs would have contemplated. Simply being able to weather a normal downturn, which every airline was in pretty good shape to do, was the standard.

This is may be the new one. And maybe not so hard to achieve if things like stock buybacks are stopped or at least delayed until that level of liquidity is attained by the respective organization. Honestly, that kind of emergency fund is recommended for our personal lives. It’s not so far fetched for it to be valid in the business sector. There may be s legislative benchmark set going forward as a strong attached to any government assistance, or as part of some blowback to the stock buy backs.