Originally Posted by
4V14T0R
Looks like we're not taking the 2nd half of the CARES money.
"In July, the Company signed a non-binding letter of intent with the U.S. Treasury with respect to a secured loan with an estimated principal amount of approximately $2.8 billion. As a result of the significant actions taken by the Company to bolster liquidity and its belief that it can secure additional financing at favorable terms, if needed, <b>the Company has since decided not to participate</b> in the secured loan program."
Source: 8-K from 8/19/20
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Not needed, SWA will take a free payroll handout though.