Thread: Furloughs
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Old 05-06-2020 | 07:48 AM
  #67  
RJpilot1
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Originally Posted by Itsajob
3 months operating expenses is nothing when revenue is practically zero. A bunch of that cash is in the form of loans which have to be paid back with interest. You also don’t go into bankruptcy broke, it takes money to play that game. United is being criticized for making aggressive cuts in workers hours, downgrading positions, and preparing now for a smaller company this fall. As a result, our cash burn is about half of what AA and DAL.
United is being criticized because the CARE cash is specifically for employee payroll. Cutting hours is not allowed. United should return the money.
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