“We hope that most of the headcount changes that we’re going to need are going to be achieved through these voluntary programs,” Jacobson said.
The company wants to stop burning through cash by the end of this year. It has taken on debt to accumulate more than $12 billion in cash by the end of June, when it will be burning $40 million a day.
Jacobson said the airline has "seen a little bit of a bounce off the bottom," but he said it is difficult to draw conclusions from that. Driven by some leisure bookings for June and July, "we've seen some days of positive net sales," he said. But it's yet to be seen whether people actually take those trips, rather than canceling them.
“It will be a long time I think before we start to resolve some of the concerns that people have that led to social distancing,” Jacobson said. The airline is currently capping ticket sales at 60% of seats on a plane to allow it to block middle seats and certain other seats for more space between passengers.