Originally Posted by StuckOnReserve

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.


Sent from my iPhone using Tapatalk