U.S. airlines cheer government relief but warn it is no 'cure' for deep industry crisis

Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease , at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage

Based on projections for the spread of the coronavirus and the global economy’s reaction, Chief Executive Oscar Munoz and President Scott Kirby said they expect “demand to remain suppressed for months after that, possibly into next year.” Before the global crisis, U.S. airlines were transporting a record 2.5 million passengers a day. Now planes are only 10% to 20% full and new bookings are showing 80% to 90% declines in traffic even after dramatic cuts in capacity, industry lobby Airlines for America said.

Airlines expect to learn the terms of the aid in the next five to 10 days, senior United executives said, and trust they will not be so onerous that airlines would not apply.U.S. airlines expect clarity on terms of payroll grants in 5-10 days: UAL senior executives

“Hey, thanks for all that money, but we’re still gonna go ahead and lay everyone off. We’ll just buyback some stock with that cash. Toodles!”

Good god, the ink isn’t even dry.

OF COURSE THEY FUCKING ARE

Knew it wouldnt matter

Get more people home...

They will definitely abuse this and continue to abuse passengers

you should've saved your profits instead of buying back stock

Россия Последние новости, Россия Последние новости

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