I'm not even close to being a numbers kind of guy, however with the bill that just passed are the Delta people that took a voluntary leave of absence entitled to the monthly money. Just reading what is online it would appear that regardless of employment status families will get money. We as pilots are outside of the salary range to receive anything (and I wouldn't expect to either) however those "unpaid" PLOA's would not really be unpaid if the government is handing them money, while our PLOA's would be actually unpaid because of our salary range. Is this logic incorrect? Seriously asking.

"Under the plan, people making up to $75,000 a year are expected to receive checks for $1,200. Couples making up to $150,000 would receive $2,400, with an additional $500 per child. "

Airlines are getting grant money separate to those stimulus checks to cover payroll.

Is the grant confirmed? All I’ve seen is $50billion in loans for airlines. I know they asked for 29 billion in grants and 29 billion in loans.

If that’s the bill I see nothing about grants or airline furlough protections. Just $50B in loans.

Reading the above link to the bill It looks like there is no prohibition on stock buybacks, just a provision that all non cba employees not have total compensation in excess of 425k annually.
Also don’t see a no furlough clause.
There is a provision that says the secretary can enter into agreement that the fed gov can participate in the financial success of the airline once we return to profitability.

well poop....just found out that the link was old bill....so scratch above

That link is the old bill, the new bill is not in print yet, just bullet points.

It looks like the government is requiring major equity stakes with the grant bailout.

Thank god. The original Senate version would have been a screw job to the working class.

Just read the bill: First take (Unless I am missing a huge section)

The bill is a total dud for labor. And to be honest, it’s not even such a good deal for the company either. Basically, labor is on its own. Airline balance sheets are seeing no relief from this.

-There is no grant money. None.
-It is an offer of guaranteed loans that are on pretty bad terms. Prevailing interest rates, must be secured by collateral, and require stock options be given to the government in exchange for the risk they are taking. This is no better than private loans. Actually worse.
-There are absolutely no labor protections other than some minor sick paid leave guarantees. No requirement prohibiting layoffs.No snapbacks of any kind.
-Excise tax, fuel tax, and payroll tax are being deferred for a period of time. But they are still due eventually.
-Buybacks are prohibited during the life of the loan.
-Executive compensation is very lightly capped for 2 years if they take the money. Can’t be more than 2019 levels. And severance packages can’t be more than twice their 2019 income level. The market would have taken care of the buybacks and executive compensation levels on their own. So these provisions are useless.

This is not a relief package. Their are no payroll grants for employees. This is a bare bones, last ditch loan to provide the airlines from going under. Airlines will bear the full brunt of this economic collapse and will have to reduce payroll aggressively now that they are on the hook for 100% of the losses. To make this absolutely clear, the government shut us down, and is leaving us with 100% of the bill, with interest.

Unlike small businesses loans, where there will be loan forgiveness, there is nothing of that kind for us. In fact, we need to give the government stock in exchange for prevailing interest rate loans.

What’s astonishing is how absolutely 180 this is for the House Bill. We need to bum rush the capital with our lobbyists right now.

Please, someone else read the bill and tell me I’m wrong,

EDIT, this is a summary of the bill attached to that link. I hope it’s been changed.

I don't see the link anymore to go back and check, but an earlier quick read also said bonuses could not exceed 2019 levels. WTF? So management gets just as much compensation as last year, but no protections for the rest of us? I sure hope, as Messiah said, that was an old link...