The economy needs another 15% to be back at it's peak. All of the talk about not being a V shaped recovery is now wrong. April was the best month on the S&P since 1987. Some industries are lagging because of very direct impacts to their business. But, Anybody who's been paying attention and investing is back to even or close. People are dying to get out and travel. The parks and beaches are full and people are sick of this stupidity. As soon as the world opens its doors, we'll be back in action. I'm not ruling out furlough but for the same reason we had to merge so as not to get marginalized, we can't go down too much as we'd have no pricing power anywhere. I also think the US government will do a round 2 if need be. Here's the chart of the S&P below.

That being said. If they do furlough, we have a responsibility to not give ANY concessions. Make sure that people have an even stronger contract and pilot group to return to. As an 11,000 pilot airline, it'd cost about 545/month for each pilot to donate and keep $3000/month coming into 2000 pilots homes. I'm in.