Tag: airline bailout package

An association representing all the major American airlines has sought a $50 billion bailout package, even as the White House looks to draft a financial assistance package to help the industry. Travel demand in the US has fallen steeply following the corona virus outbreak, bringing the airline industry to its knees. Airlines for America, the association representing many of the US carriers, has said that without timely action all airlines will run out of money by year-end. The association has said the industry needs $25 billion in grants, $25 billion loans and significant tax relief to keep its head above ... Read more