As Warren would say he didn't lose anything because he hasn't sold anything.

Looks like airline grants are dead, just loans.

Hmm, so what would theoretically prevent an airline from furloughing 50% of their employees and then taking a loan? Or maybe they will just decide the loan isn’t worth taking on more debt vs just cutting a mountain of employee costs. Grants would at least be a way for the gov to impose terms like no furloughs, buybacks, dividends, etc. Loans would be at the discretion of each company.

I know the bill is still in the creation process, just thinking out loud.

Source?

/filler

The sausage is in the early process of being made. The Senate plan does nothing for Labor and addresses none of the detrimental issues of the previous stimulus execution. I expect it will be a mix of both grants with strings, and low interest loans without strings. Free money for airline executives is DOA.

I don't think there is any doubt, you can attach restrictions on the taking of loans from the government if they want to. You want the loan, here are the limits on what you can do with the money.....

My opinion anyway.

You're right, have to see what the compromise is between the house and Senate, but senators are showing no apatite for grants right now.

Right. I wonder what the cost benefit analysis would be for airlines to take on a bunch of govt loan debt and force full staffing vs private sector loans and no limits on furloughs/buybacks/compensation/etc.

Debt is cheap, we just got $1b at pretty good rates.

almost as good as cash.

...just unfortunately it doesn’t look like enough cash to get through this in one piece.