Originally Posted by
Downtime
Last I heard it was just south of 30 millions a day. That includes payroll. Our burn rate is not going up because of PSP expiring hence the furloughs to try to lower the labor cost. We will know more when AA reports their financials for Q3.
AA got 5.8 billion dollars in PSP funds for 6 months. That works out to 31.8 million per day. I know we had a higher burn rate at the start of the pandemic, but as it stands now and if CARES act is extended, then we are essentially breaking even correct?