American Airlines CEO Says The Coronavirus Crisis Is Worse Than 9/11: Is He Right?
The CEO of American Airlines Holdings (NASDAQ: AAL) said Thursday that the COVID-19 pandemic's impact on airlines will be worse than the attacks of Sept. 11, 2001, urging lawmakers to move quickly to provide assistance for the U.S. airline industry.
Doug Parker, who as CEO of America West Airlines in 2001 had a firsthand look at the financial devastation caused by a terrorist attack using commercial airplanes, said that there is no indication when the dramatic plunge in travel demand due to the pandemic will end.
Parker, now CEO of American, spoke with CNBC while in Washington lobbying for an airline assistance package. He asked not to be directly quoted given the on-going discussions.
Source Fool.com
