Originally Posted by knm1229

excellent recap. I just wanted to expand on the grants with the way I understood. Biffle said that the grants aren’t really a freebie. He said that the feds are basically giving the airlines the grant money instead of paying unemployment on the furloughed employees. So the feds would be paying that money either way. So every airline will take the grants. He was trying to reinforce the fact that it is not “free” money the way that it was advertised in the package from the media. So yes, my understanding is we will be using the grant money on the front end to keep payroll, instead of having it paid for unemployment.