Originally Posted by
Jimdunbar
Well, if I understood what they were saying yesterday, the won’t take the CARES money if it stipulates no layoffs or furloughs. Spirit is in survival mode at the moment and they said it’s cheaper to furlough. So unless I misunderstood or something miraculous happens, furloughs are coming
This is Bendos quote -
=12pt“=12ptBendo: Jeff answered correctly, we are in support of CAREs 2.0 with PSP, would be a taker of that money, and if it got here before we furlough, presuming contains same language, we wouldn’t be doing furloughs. If it happens afterwards, we have to look at rules and see how it would would work. The PSP program is to protect jobs, that’s why we’re for it, why Ted has spoken directly to some “very senior” folks in Washington, other airline CEOs have done so as well.”