Originally Posted by
week
Well the town hall was uplifting for the first time in a while. T seemed to readily state that the company wasn’t expecting to make further reductions of workforce, besides the ones that have already been announced (HQ), or mitigated. Of course they’re still in “losing money/survival mode”, but sure was a lot more talk about coming out of COVID ready to throw some punches.God knows we have the cost structure and liquidity to do so. Fingers crossed for a better 2021
Who would have guessed the $9 Fare Club would get them $850mil in bonds?!
Its interesting because previously they mentioned possibly having to use that (loyalty program) as leverage to help secure the government asset back loan of around $750mil...So I wonder if they no longer need the loyalty program to qualify for the full nut and then used the loyalty program to secure more funds..smart move.