Ten coronavirus-hit US airlines have tentatively agreed to a 25-billion-dollar injection to help them meet payroll needs through to September and to avoid massive layoffs in exchange for granting the US Treasury Department the option to exercise small ownership stakes. The US Treasury Department announced on Tuesday that 10 airline companies, including the country’s four
Airline passenger revenues may drop by $314 billion in 2020 due to the coronavirus (Covid-19) crisis, according to an updated analysis by the International Air Transport Association (IATA). The downturn sees full year passenger revenues plummet 55 percent compared to 2019, while traffic falls 48 percent. “In other words, half our business disappears. That’s catastrophic,”









