US: Trump promises to ‘help’ US airlines
US president Donald Trump says his govt will back airlines as they struggle to manage the fallout from the global coronavirus pandemic. “We told the airlines we are going to help them,” Trump said Monday. “We have to back the airlines.” The statement came shortly after A4A said the industry will need at least US$50b in aid to salvage their business after cancellations outnumbered bookings by a ratio of 2 to 1. A4A says its members have experienced “unprecedented harm” in the past 2 weeks and will suffer a decline in liquidity of between US$18-26b alone in the first 6 months of 2020. Air Canada also asked for assistance from its own govt earlier Monday. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-17/general/us-trump-promises-to-2018help2019-us-airlines
https://portal.staralliance.com/cms/logo.png
US: Trump promises to ‘help’ US airlines
US president Donald Trump says his govt will back airlines as they struggle to manage the fallout from the global coronavirus pandemic. “We told the airlines we are going to help them,” Trump said Monday. “We have to back the airlines.” The statement came shortly after A4A said the industry will need at least US$50b in aid to salvage their business after cancellations outnumbered bookings by a ratio of 2 to 1. A4A says its members have experienced “unprecedented harm” in the past 2 weeks and will suffer a decline in liquidity of between US$18-26b alone in the first 6 months of 2020. Air Canada also asked for assistance from its own govt earlier Monday. <br/>
