Loans, regardless of if they are high interest or low, usually have strings attached and have to be paid back. They just delay the bleeding. A grant is a taxpayer gift that gives a company more cash to continue burning, but a loan isn’t. We are going to be cutting more than just labor. I can’t imagine that the government would give grants to prop up the airlines at the current level when all of the “experts” predict that a full recovery is years away. They may prop us up at some other level such as 60, 70, or 80% though so that the industry is carrying enough excess to be able to recover without further help. I expect routes to be dropped, the 756 fleet to be retired, etc. What little leisure travel is there will be historically drying up after Labor Day, leaving us some freight only trips and practically nonexistent business travel market (our core market). Unless the government wants to fully fund the airlines, I don’t see many options when practically no revenue is coming in the door.