US airlines face end of business travel as they knew it

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DALLAS (BLOOMBERG) - US airlines hammered by the catastrophic loss of passengers during the pandemic are confronting a once-unthinkable scenario: that this crisis will obliterate much of the corporate flying they've relied on for decades to prop up profits.. Read more at straitstimes.com.

DALLAS - US airlines hammered by the catastrophic loss of passengers during the pandemic are confronting a once-unthinkable scenario: that this crisis will obliterate much of the corporate flying they've relied on for decades to prop up profits.

Even industry leaders such as Delta Air Lines Chief Executive Officer Ed Bastian are bowing to the inevitable. "We're pretty much locked down right now," Berger said."We're not doing much travel - really rare. Now, I'm starting to get worried if we're going to do much travel in Q1" of next year. Consolidation and job-cutting at the airlines helped drive those comebacks, and some carriers predict the eventual return of their cash-cow customers.

 

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