$50 billion airline bailout won't be enough to save US industry

France Nouvelles Nouvelles

$50 billion airline bailout won't be enough to save US industry
France Dernières Nouvelles,France Actualités
  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

A $50 billion airline bailout will help keep the airlines alive, but it won't solve the industry's most severe crisis in its history. Only passengers can do that.

The $50 billion airline bailout passed by the Senate will help keep the airlines alive, but it won't solve the industry's most severe crisis in its history.

Only passengers can do that."We have an airline industry right now that is flying empty planes," said airline consultant Mike Boyd."This isn't going to save the industry unless we get back in business of flying people."From April through June of last year alone, US airlines' revenue totaled $64.4 billion, according to Transportation Department data. But it is getting only a small fraction of that revenue stream right now.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

CNN /  🏆 4. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

19 Leggings You Can Score For Under $50 Right Now19 Leggings You Can Score For Under $50 Right NowYou know what's making us smile right now? Putting on some leggings. Not only are they supremely comfortable, they're great because they make us that much more
Lire la suite »

31 Things From Walmart Under $50 That You'll Still Probably Wear Once A Week At Home31 Things From Walmart Under $50 That You'll Still Probably Wear Once A Week At HomeThere's only so little time and sooooo much to wear.
Lire la suite »

39 Incredible Spring Deals to Get From Nordstrom For Under $50 This Weekend39 Incredible Spring Deals to Get From Nordstrom For Under $50 This WeekendNordstrom is hands down our favorite department store. Whether you want a cool top or some comfy sweats, you can find it all on the retailer's site. Don't go
Lire la suite »

Fox News Poll: Recession fears mount as coronavirus jolts US economyFox News Poll: Recession fears mount as coronavirus jolts US economyPresident Trump’s overall job approval ticks up while nine in 10 voters say they're concerned about the spread of coronavirus in the U.S. and that the virus will cause a recession, according to the latest Fox News Poll.
Lire la suite »

WSJ News Exclusive | Nearly Two Dozen U.S. Sailors on Aircraft Carrier Test Positive for CoronavirusWSJ News Exclusive | Nearly Two Dozen U.S. Sailors on Aircraft Carrier Test Positive for CoronavirusThe Navy confronted a mounting crisis at sea after at least 23 sailors aboard an aircraft carrier testing positive for the novel coronavirus by directing the massive ship to a port and deciding to administer tests to all of the more than 5,000 sailors aboard.
Lire la suite »

US cases now most in world, US capital sees more infectionsUS cases now most in world, US capital sees more infectionsThe United States' caseload of coronavirus infections surged to the most in the world and its capital reports more infections as Italy shut most of its industry and masses of Indian day laborers received food rations after a lockdown put them out of work.
Lire la suite »



Render Time: 2025-04-04 21:36:19