UAL still paying regionals 100%?
Rumor floating around United is still paying 100% of salaries and money to some of the regionals. So the regional getting CARES moneys and also united monay.
why would they do that? To hide cash at the regionals (holy owned like XJt) then renegotiate concessions at mainline claiming theyre out of cash. Later they can get that cash back because they own XJt.
Anyone hear that? If so then someone is playing some big games in willis towers. Reminds me of the Dick Ferris CEO in the 80’s who bought a bunch of hotels and started funneling cash to hotels from the airline. Charging the airline the maximum rate. Then went to pilots and claimed he needed concessions.