Trump on Tuesday called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after the election despite ominous warnings from his own Federal Reserve chairman about the deteriorating conditions in the economy.“I am ready to sign right now. Are you listening Nancy ?” Trump said in a flurry of tweets Tuesday evening.
In saying he believes the airline can navigate the crisis without furloughs, CEO Gary Kelly sought Monday to stand apart from rivals. American and United Airlines have warned that 32,000 employees would collectively face layoffs after Congress was unable to come to agreement on a new relief package. Airlines are scrambling to cut costs after the federal stimulus ran out last week. Congress delivered $50 billion in relief to airlines last spring to offset a severe drop in passenger traffic due to the coronavirus, half of it to pay salaries. Kelly said Southwest's revenue remains 70% below what it normally would be.
Elsewhere, hotels have seen occupancies dwindle significantly during the pandemic. Despite a climb from catastrophic lows, occupancy stood at only 48.7% in the U.S. the week ending Sept.
The travel industry's problem is self inflicted too, they hitched their wagon to Trump. They should have known better.
Wow!
We the UK Liverpool always support you....
Quit posting liberal propaganda
Which relief bill was approved by Congress that the President failed to pass? Civics
usa today👎
Joe and Kamala are bringing hope to USA! Vote! Due to the late slow disastrous approach to pandemia by Trump, USA is a huge graveyard with more than 210000 coronavirus patient’s deaths. Trump destroyed the economy and cannot respond to racial crisis properly! Vote !
Destroying America
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »