Airline Relief May Be on the Way After All
For the past six months, a payroll support program created under the CARES Act enabled airlines to keep their workers employed despite an unprecedented drop in demand. But with U.S. air travel demand still at just a third of 2019 levels, more relief is needed to avoid tens of thousands of furloughs and layoffs.
Despite aggressive lobbying by airlines and their unions and bipartisan support for a six-month extension of the payroll support program, no agreement had materialized by the time the initial batch of payroll support funds ran out last week. However, with the furlough process beginning, it appears that Congress is finally close to extending the payroll support program.
Image source: American Airlines.
Source Fool.com
