I guess Buffet with all his billions and political influence couldn’t figure out how to get government bailouts for the airlines.
It appears the Federal money going to airlines is for payroll, to prevent massive layoffs thru Sept. 30.
After that:
From the article.- “We made a promise to our people and to American taxpayers to avoid involuntary furloughs or cuts to pay rates for U.S. employees until the end of September, and that’s a promise we’ll keep,” said United’s president, Scott Kirby, who takes the reins as CEO on May 20.
“But if demand remains significantly diminished on Oct. 1, we simply won’t be able to endure this crisis as a company without implementing some of the more difficult and painful actions.
These include decisions on involuntary furloughs, further reductions in hours, as well as other actions that will have an immediate impact on our people and their livelihood.”