Business

Airlines: Crisis grows as passengers stay away

The airline industry is hoping to avoid a crash landing as its bailout funds end, said Ian Duncan in The Washington Post. After a near-shutdown in March, the industry is still caught in a crisis as travelers continue to stay away from the skies. “Air travel is stuck at around 700,000 passengers a day, a third of its normal rate,” and more than 1,800 U.S. planes are still parked because of service cuts. In March, lawmakers gave airlines $25 billion in loans and another “$25 billion in aid on the condition that they would not lay off workers until October.”

Source:

theweek.com

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