US extends $14b lifeline to airlines in third government aid package
US lawmakers on Wednesday gave final approval to a new $14b payroll assistance package to US airlines as part of a COVID-19 relief bill, the third round of government support to the struggling sector since March 2019. With the latest six-month extension that will keep thousands of workers on payrolls through Sept 30, Congress has awarded US airlines $54b for payroll costs since March 2020. US air passenger travel fell by 60% in 2020 to the lowest level since 1984, down more than 550m passengers. US passenger airlines are still collectively burning about $150m daily, and the cash bleed is expected to continue through most of this year as demand remains depressed.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-11/general/us-extends-14b-lifeline-to-airlines-in-third-government-aid-package
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US extends $14b lifeline to airlines in third government aid package
US lawmakers on Wednesday gave final approval to a new $14b payroll assistance package to US airlines as part of a COVID-19 relief bill, the third round of government support to the struggling sector since March 2019. With the latest six-month extension that will keep thousands of workers on payrolls through Sept 30, Congress has awarded US airlines $54b for payroll costs since March 2020. US air passenger travel fell by 60% in 2020 to the lowest level since 1984, down more than 550m passengers. US passenger airlines are still collectively burning about $150m daily, and the cash bleed is expected to continue through most of this year as demand remains depressed.<br/>
