Originally Posted by
rvfanatic
Termination triggers:
4. Passenger revenue reaches 80% of 2019 level for a single quarter.
5. Passenger revenue reaches 70% of 2019 level for three consecutive quarters.
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“Passenger” is important because it takes away “cargo” revenue (which has been successful) from the equation for terminating the LOA and getting us back to full pay.
This is a huge point. Airlines will be scrambling for market share. There will a blood bath of fare sales. Who has the cash to endure cheap tickets and grab market share? Southwest. The airlines know revenue recovery is far off on the horizon.
24 mos of cuts for 9 mos of furlough protection