U.S. Airline Industry Says It Won’t Bounce Back From COVID-19 Until 2024
Airlines for America, the lobbying group representing major U.S. carriers, has warned that the U.S. airline industry is unlikely to bounce back from the COVID-19 drop for at least four years.
“We don’t see any significant increase in demand,” Nicholas Calio, the CEO of Airlines for America, told reporters during a media call on Thursday. “We don’t see it fully rebounding until 2024. We are doing everything we can to keep our companies afloat. People talk about the situation being dire. It is dire. Right now, we’re fighting for survival. No bones about it.”
Calio said that the government would need to step in to offer another lifeline, preferably in the form of a new CARES act, which was passed in March and provided $25 billion …continued .
[Source: Huffington Post]