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The future of airlines


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COVID Carnage Continues in US Airline Sector

 

https://www.sharecafe.com.au/2021/01/29/cov...airline-sector/

on Thursday .... two of America's biggest airline companies , American and Southwest , posted their biggest-ever annual losses and indicated a need for new aid in addition to the billions already provided in 2020. A third, smaller airline, JetBlue Airways also posted a quarterly loss on Thursday in a day of red ink for the sector.

 

In December, US airlines received a $US15 billion government aid package for payroll costs through March, the second such program since the coronavirus swept over America in march and April.

 

That took the total for the year for the airline sector to a massive $US40 billion and has enabled them to hang on to more than 40,000 employees who otherwise might have been sacked. As it is the sector has already laid off tens of thousands of staff......

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