Originally Posted by Lewbronski

Just making sure this is posted on all pertinent threads and that no one forgets or isn’t aware.

Gary Kelly had access to $7.5 BILLION in low-interest government loans. The cost of an additional 10% pay cut to ALL employee groups is roughly $500 million. Do the math. Gary Kelly had available to him an amount of money that would have covered all of the concessions he’s seeking by 15X.

But, he turned down those government funds. Why? Because the terms of the loan were too “onerous”. Gary Kelly explains, “The terms of the government loan are pretty onerous ... I think we would much rather avoid those. And I think what's near and dear to shareholders' hearts is it puts restrictions on dividends, which I object to, and share repurchases."

Stock charts over cohearts, my fellow cost units. Simple as that.