Originally Posted by
domino
Reginals on the other hand aren’t getting much if anything and that is why you can expect to see high numbers of furloughs in the coming weeks. Then as demand starts to return next year, recalls will likely happen beginning of the year.
This is both unfounded and quite probably untrue. The latest deals to be discussed on Capitol Hill include grant money for payroll and/or unrestricted loans, both of which would help the regionals.
The issue was the initial Senate package which, in short, only provided for secured loans. Secured loans require assets as collateral, which most regionals, save Skywest and Republic, don't have in sufficient quantities to obtain a loan.
Luckily, it seems the Senate has moved more toward the House's bill, which will provide relief for the regionals, too.
I'm not saying furloughs will or won't happen en masse, but I think in times like these it's important to make sure accurate information is out there.