My 2 pennies:

In tough situtations I put myself in the situation of the descision makers. If i'm TC, I don't want to be the first major airline to furlough since COVID. He likely knows that is what he will be remembered for, so he will do whatever it takes to be a profitable, standalone airline. Will we become that? That remains to be seen. It will likley come down to the debt holders, if they're willing to renegotiate, and in my opinion, it's becoming more likely with the boeing/UAL/SWA struggles as of late.