Why so much cash?
06-04-2020, 01:03 PM
#91
Gets Weekends Off
Joined APC: Nov 2015
Posts: 1,120
Originally Posted by Mozam
I would not bet on that, SWA wants to just come out of this alive . They are not looking at any kind of smack down .
The shark on the wall didn't play well with our new Hawaiian customers, but the sentiment still holds true in CONUS.
08-19-2020, 02:58 AM
#92
Gets Weekends Off
Joined APC: Mar 2011
Posts: 1,022
Why so much cash?
Looks like we're not taking the 2nd half of the CARES money.
"In July, the Company signed a non-binding letter of intent with the U.S. Treasury with respect to a secured loan with an estimated principal amount of approximately $2.8 billion. As a result of the significant actions taken by the Company to bolster liquidity and its belief that it can secure additional financing at favorable terms, if needed, <b>the Company has since decided not to participate</b> in the secured loan program."
Source: 8-K from 8/19/20
Sent from my iPhone using Tapatalk
"In July, the Company signed a non-binding letter of intent with the U.S. Treasury with respect to a secured loan with an estimated principal amount of approximately $2.8 billion. As a result of the significant actions taken by the Company to bolster liquidity and its belief that it can secure additional financing at favorable terms, if needed, <b>the Company has since decided not to participate</b> in the secured loan program."
Source: 8-K from 8/19/20
Sent from my iPhone using Tapatalk
08-19-2020, 05:32 AM
#93
On Reserve
Joined APC: Aug 2020
Position: Why don't you have a seat right over there.
Posts: 14
Originally Posted by 4V14T0R
Looks like we're not taking the 2nd half of the CARES money.
"In July, the Company signed a non-binding letter of intent with the U.S. Treasury with respect to a secured loan with an estimated principal amount of approximately $2.8 billion. As a result of the significant actions taken by the Company to bolster liquidity and its belief that it can secure additional financing at favorable terms, if needed, <b>the Company has since decided not to participate</b> in the secured loan program."
Source: 8-K from 8/19/20
Sent from my iPhone using Tapatalk
"In July, the Company signed a non-binding letter of intent with the U.S. Treasury with respect to a secured loan with an estimated principal amount of approximately $2.8 billion. As a result of the significant actions taken by the Company to bolster liquidity and its belief that it can secure additional financing at favorable terms, if needed, <b>the Company has since decided not to participate</b> in the secured loan program."
Source: 8-K from 8/19/20
Sent from my iPhone using Tapatalk
08-19-2020, 09:47 AM
#95
At your mom's house
Joined APC: Jun 2008
Position: cpt 737
Posts: 2,659
Originally Posted by Spark
Just like I didn’t need my government handout from the cares act, but I took it.
08-21-2020, 03:14 PM
#99
Gets Weekends Off
Joined APC: Dec 2015
Posts: 298
Originally Posted by hoover
thanks. Had me wondering if the ex took mine. Yeah it's happened before.
08-21-2020, 04:06 PM
#100
Gets Weekends Off
Joined APC: Dec 2017
Position: 737 FO
Posts: 952
Originally Posted by RckyMtHigh
4 year fly my line FO with non-working wife and two kids. We got (or as I told my wife, stole from our children) a couple thousand.
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