From the Q2 ir:

• Reduced total operating costs by 69% versus the second quarter of 2019; excluding special charges3, reduced operating costs by 54%.
• Total operating revenues were down 87.1% year-over-year, on an 87.8 percent decrease in capacity year-over-year.

While the revenue decline exceeded the cut in cost by 18%, it doesn’t paint the whole picture . 2019 revenue yielded record profits. The margin to break even is not 18%, it lower. Is management looking to break even, make a profit, or slow the bleeding enough to get to a recovery? So far I think we know the answer.