TillerTemptress

That's fine but the size of the bill is the size of the bill and money will be going out whether it's fiscally responsible for us to receive it or not. We'll be paying for it regardless over the next 10 years, so we might as well get some of the benefits of it. After all, airlines, restaurants, and hotels basically have been disproportionately affected by government travel restrictions, compared to many businesses that are humming along just fine. Can we survive without it? Yes, but we have taken concessions to do so, and many of our flight attendants are out on the street, as are many of our brethren from AA, Hawaiianm etc. I care about them and want to help them, the money will be going out regardless.. look at how much the church of scientology just got from the last package. We might as well get some too.

hummingbear

Many Senate Rs are saying just that. However, as has been noted, more stimulus will probably happen, so at this point, it’s about whether we get a piece of the pie or not. If the govt wants to encourage people to limit behaviors that lead to viral spread, it makes sense that certain industries (travel, restaurants, etc.) will get hit harder than others (like tech). So if you’re libertarian-minded, you’re going to hate stimulus either way, but if you’re in favor of it, it’s probably not a hard sell that these industries would be higher on the list for pandemic aid.

iahflyr

Loans, not grants.

opheims

So, UAL just had their allowable CARES loan amount increased from $5.17B to $7.49B.
Are they planning to use it or just increasing it for "leverage" or "just in case"?

HHR Helps United Airlines Secure $7.491B CARES Act Loan | Hughes Hubbard & Reed

cadetdrivr

All of the above.

baseball

Airline Service in and out of DCA and IAD is all they pay attention to. However, if you look at the legislative history and Government enforcement/intervention into RLA related industries the government pays attention as the airline transport leg of the interstate commerce "quadrilateral" is an important leg. Sea, land, and rail are the other three legs. The government does NOT want, and will NOT permit interruptions in interstate commerce.

That being said, the government can't be seen as "picking favorites" or winners and losers in this sector. The Obama administration did that when it was picking winners in the alternative energy sector and it back-fired. Solindra was a bust and quite frankly that decision in my opinion by the Obama administration was unlawful.

A level playing field is really all we can ask for. At the end of the day, the market conditions our managers and airline leadership either adapt to or fail to adapt to will determine which airlines are left still standing at the end of this pandemic. Access to credit and hard currency is the challenge of management teams not only in this country, but all over the world.

Management typically borrows, or steals money from the employees first and then last when encountering a crisis like this. What happens in the middle is often overlooked. Right now, I think we are still in the middle of this crisis. Those airlines that socked away cash or have access to it will outlast this crisis and be well positioned to expand and re-claim marketshare after the crisis.

Look out for SWA after the crisis abates. They are gonna come in hot and heavy. Big deals on that MAX aircraft and they will capitalize.

Bluewaffle

Looks like this might actually happen. Curious what the logistics would look like. The LOA states MPG returns to normal but would it be retroactive or start in the January bid period considering they would have to bring back all the FAs from furlough? Looks to be about 4 months of payroll if it does eventually pass.

ugleeual

Does the bill say airlines have to return furloughs to active status?

LifeNtheFstLne

YES, the current revision does.

cfouriv

Just read an article that said its retroactive to December 1. Let's hope they actually get this one done...

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