Originally Posted by
dera
Big 3 all would be losing around 1.5 billion / quarter without the PSP money. If and when that dries out, all this talk about "doing alright" will disappear, unless the world stops being nuts.
You don't think that money is accounted for? You think as soon as they use it all, the CEOs will say, oops, we forgot! I guess instead of a profit, we're now losing Billions! Our bad.
I know Delta CEO lobbied against the CARES 3.0 and used his projected future profitability as a reason to oppose it. It would be probably close to criminally negligent to mislead the investors like that.