Originally Posted by
Longhornmaniac8
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.
Reduction/consolidation of ALL carriers in the future is inevitable and as a result furloughs are also inevitable. If you think government aid, whether it’s grants or whatever the new fancy terms they’re calling it these days will save employers from furloughing you need to take the blinders off. Situational awareness right? Customers fund our paycheck and they will not be buying tickets when they can’t afford to put food on their families table in an economic depression. But wait! Everyone was promised 3000 for the next 3 months to save them right? Good joke to the average American lifestyle....... The moral of the story is if you’re fairly junior on your list I would start looking at plan B, C or D for your future income. This is accurate information.