I agree, most of the communications are directed at posturing for DC. Everything said or calculated today before the election is worthless. Congress on both sides are holding funding hostage. The hopes are in a “in the black” summer 2021 and we need pilots for that. SWA wants to be Johnny on the spot when travel demand increases and pick up market share along the way “low hanging abandoned fruit”. They can’t do that if they furlough to profitability.

They have an abundance of cash compared to the competition, but they will not burn through it until it’s gone, just to turn the lights off when they close the doors. So, what do you do?

Getting Bail out money let’s SWA keep their own money, and buys us 6 mo of wait and see.

Without the bail out money, SWA will burn through some of their money for the wait and see, but for how long, only Gary and CO know. My guess will be until March/April. They will know the summer bookings by then.