Old 09-24-2020 | 12:35 PM
  #26  
theUpsideDown
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Originally Posted by askdanny
My understanding is that in exchange for taking the CARES money, airlines committed to not furlough or cut pay until Oct. 1 (and continuation of certain air service, etc...). Implicitly the money is meant to help workers, so we assumed that CARES Act money only goes to payroll. But I don't think that's how it is spelled out in the law.
Before anyone corrects this poster keep in mind there were two funds available. Grants, which the company took and pocketed (at least at this point) and a low interest loan which would affect senior executive compensation, which the company said "no" to. Delta took the "free" CARES money.
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