IMO it really is that bad for airlines right now. They are incinerating borrowed cash and paying employees they don't need soon. My bigger concern is who can possibly think it's a good idea to buy even one new jet without putting yourself a little closer to BK? That is going to trickle down through the US economy. What if the CV flares back up? We just started opening our economy back up because the death rate is slowing way down. Oh wait, that's not actually happening yet. Airlines are very speculative investments right now. They can't service anymore debt unless the economy is rocking. That is a ways off.
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