UAL Care Act details
04-15-2020, 10:53 AM
#1
You look like a nail
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UAL Care Act details
UAL is slow to offer details on their share of CARE Act grant/loan although a red flag that I see is that none of the regional airlines except for Skywest were awarded CARE Act money. A question worth asking is: Will UAL pass-though any CARE money to the United Express carriers to keep them afloat?
Th bottom line is that any CARE pass-though to Express is money that could be used for UAL payroll and shortfalls could result in deeper furloughs at mainline. There's a strong argument for keeping the network in tact, although here's another (potential) example of United paying it's bills on the back's on United mainline employees.
Th bottom line is that any CARE pass-though to Express is money that could be used for UAL payroll and shortfalls could result in deeper furloughs at mainline. There's a strong argument for keeping the network in tact, although here's another (potential) example of United paying it's bills on the back's on United mainline employees.
04-15-2020, 10:56 AM
#2
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Originally Posted by Thor
UAL is slow to offer details on their share of CARE Act grant/loan although a red flag that I see is that none of the regional airlines except for Skywest were awarded CARE Act money. A question worth asking is: Will UAL pass-though any CARE money to the United Express carriers to keep them afloat?
Th bottom line is that any CARE pass-though to Express is money that could be used for UAL payroll and shortfalls could result in deeper furloughs at mainline. There's a strong argument for keeping the network in tact, although here's another (potential) example of United paying it's bills on the back's on United mainline employees.
Th bottom line is that any CARE pass-though to Express is money that could be used for UAL payroll and shortfalls could result in deeper furloughs at mainline. There's a strong argument for keeping the network in tact, although here's another (potential) example of United paying it's bills on the back's on United mainline employees.
04-15-2020, 11:05 AM
#3
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Originally Posted by Thor
UAL is slow to offer details on their share of CARE Act grant/loan although a red flag that I see is that none of the regional airlines except for Skywest were awarded CARE Act money. A question worth asking is: Will UAL pass-though any CARE money to the United Express carriers to keep them afloat?
Th bottom line is that any CARE pass-though to Express is money that could be used for UAL payroll and shortfalls could result in deeper furloughs at mainline. There's a strong argument for keeping the network in tact, although here's another (potential) example of United paying it's bills on the back's on United mainline employees.
Th bottom line is that any CARE pass-though to Express is money that could be used for UAL payroll and shortfalls could result in deeper furloughs at mainline. There's a strong argument for keeping the network in tact, although here's another (potential) example of United paying it's bills on the back's on United mainline employees.
Hoping for the best outcome for everyone.
04-15-2020, 11:24 AM
#5
Squawking 2000
Joined APC: Jul 2015
Position: Skeptical
Posts: 737
Originally Posted by Tom Bradys Cat
How do you know this? Is it published somewhere?
The Treasury Department said that Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines would participate.
04-15-2020, 11:32 AM
#6
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Posts: 472
Thanks Winston...
also this
https://home.treasury.gov/news/press-releases/sm977
And this
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-04-14/airlines-have-agreement-in-principle-on-u-s-coronavirus-aid
This article says that due to xjet and Republic not being listed that they can't issue warrents.....I wonder how F9 got around this...or if they did at all.
also this
https://home.treasury.gov/news/press-releases/sm977
And this
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-04-14/airlines-have-agreement-in-principle-on-u-s-coronavirus-aid
This article says that due to xjet and Republic not being listed that they can't issue warrents.....I wonder how F9 got around this...or if they did at all.
04-15-2020, 02:08 PM
#7
Line Holder
Joined APC: Nov 2011
Posts: 61
Most regionals fall under the 100 million threshold so they aren't part of the big boy CARES club, these sub 100 million negotiations as well as Republic and XJT are still on-going. I highly doubt any UAX carrier gets money from the mother ship, even the ones that are partly owned. Several have stated they are in dire straits (straights?) and without the money will have massive furloughs. Even with the money I can easily see a few more closing up shop.
04-15-2020, 07:52 PM
#8
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Based on Oscars/Scott’s and the MEC email tonight it sure doesn’t sound like that money will flow down to the regionals. It sounds like every dollar will be used to help United weather the storm. The regional market is going to look drastically different by the end of the year.
04-15-2020, 09:40 PM
#9
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Originally Posted by MasterOfPuppets
Based on Oscars/Scott’s and the MEC email tonight it sure doesn’t sound like that money will flow down to the regionals. It sounds like every dollar will be used to help United weather the storm. The regional market is going to look drastically different by the end of the year.
by 12/2020
645 mainline total
150 50 seaters
and 253 bigger than 50 seats
my prediction
04-16-2020, 05:26 AM
#10
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Posts: 1,512
Originally Posted by Sniper66
by 12/2020
645 mainline total
150 50 seaters
and 253 bigger than 50 seats
my prediction
645 mainline total
150 50 seaters
and 253 bigger than 50 seats
my prediction
Thanks,
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