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Subsequent Events
3 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

16.

Subsequent Events  

 

In February 2021, the Company was granted $48.6 million in financial assistance by the Department of the Treasury under the Payroll Support Program Extension (“PSP2”) under the Consolidated Appropriations Act of 2021. The Company received the first installment of $24.3 million on February 8, 2021.

 

The relief payments are conditioned on our agreement to refrain from conducting involuntary employee layoffs or furloughs through March 31, 2021. Other conditions include prohibitions on share repurchases and dividends through March 31, 2022, continuing essential air service as directed by the U.S. Department of Transportation and certain limitations on executive compensation.