I don’t think anyone in management knows what they will do come October 1st, yet. They’ll speak ambiguously, secretly prepping the hatchet job on company staffing and expenses, but also quietly hoping for a rebound that fills airplanes and unparks jets. If demand doesn’t return, they’ll have their empathetic speeches ready to go, but if it does, they’ll immediately move on to lessons not learned and try to calculate when the earliest stock options and buybacks can occur without anyone too loudly noticing how little (if any) debt has been retired.