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CNBC: US airlines seek more than $50 billion in government assistance

CNBC: US airlines seek more than $50 billion in government assistance

Old Mar 16, 2020, 12:24 pm
  #1  
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CNBC: US airlines seek more than $50 billion in government assistance

U.S. airlines are seeking government assistance of more than $50 billion, including a mix of direct aid and loan guarantees, as the industry reels from the coronavirus outbreak, a lobbying group that represents 10 U.S. passenger and cargo airlines said Monday.

The aid, if received, would be the industry’s first broad bailout since the wake of the Sept. 11, 2001 attacks. It is also the clearest sign yet of the financial damage coronavirus and the draconian measures governments are taking to stop it are having on American businesses.
https://www.cnbc.com/2020/03/16/us-a...-business.html
tom911 is offline  
Old Mar 16, 2020, 12:27 pm
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Every industry and millions of individuals will need bailouts. No reason why the airlines should be prioritized.
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Old Mar 16, 2020, 2:25 pm
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They need to be mandated to keep workers employed if they get laid off, with no lay offs and no bonuses to executives.
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