Major airlines could be bankrupt by the end of the year, industry group warns

“This is a today problem, not a tomorrow problem.” March 16, 2020, 6:57 PM5 min read An airline group called for immediate action to help lessen the blow of the novel coronavirus pandemic on the aviation industry, warning that if a worst-case scenario plays out, the seven major U.S. airlines will run out of money…

Major airlines could be bankrupt by the end of the year, industry group warns

“This is a today problem, not a tomorrow problem.” March 16, 2020, 6:57 PM5 min read
An airline group called for immediate action to help lessen the blow of the novel coronavirus pandemic on the aviation industry, warning that if a worst-case scenario plays out, the seven major U.S. airlines will run out of money by the end of the year.

“This is a today problem, not a tomorrow problem,” Airlines for America (A4A) president and CEO Nicholas E. Calio said in a statement. “It requires urgent action.”
The COVID-19 outbreak and the resulting government and business-imposed travel restrictions are having an “unprecedented and debilitating impact on U.S. airlines,” A4A said, adding that demand is “getting worse by the day.”

The group called for grants, loans and tax rel
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