Mnuchin: United Is in Compliance on Relief Law Despite Planned Layoffs

The transcript discusses the Cares Act, which prohibits carriers receiving payroll grants from involuntary furloughs or pay reductions until September 30, 2020. United Airlines received $4.9 billion but announced a reduction of 28,000 workers to part-time. The discussion questions if this action violated the program's terms, concluding that United Airlines is currently in compliance.

What was the consequence of United Airlines' announcement regarding worker reductions?

What is the current belief regarding United Airlines' compliance with the payroll support program?