Originally Posted by
PeakEGT
Maybe I’m just “woke,” or some of you home
analysts know better. My question remains if a company like ours get approved for X amount of dollars to cover payroll. Regardless if it covers 75%. It has been set to cover the senior Captains that were displaced. Unless I missed something, this leaves more gov’t cash for payroll that should’ve went to those that were locked in, no?
CARES$ was enough to cover 75% of payroll for the entire company (pilots, FA’s, MX, Admin) May-September not just pilots. With the downgrades taking place there is probably more cash to cover a higher percentage of the whole company through 9/30.
CARES act only stated maintain employment levels through 9/30. There is open interpretation of what that meant. Since the White House is only concerned about unemployment stats, not underemployment stats the Treasury could probably care less if we we’re all downgraded to janitors, as long as we aren’t filing for unemployment.
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