U.S. Airline Industry Desperate For Next Round of Stimulus
U.S. Airline Industry Desperate for Next Round of Stimulus Another round of stimulus of $14 billion likely for the US airline industry, but recovery still far. PUBLISHED BY The earlier round of bailout expires by March-end, and with no relief in sight, The government has finally agreed on a $1.9 billion economic stimulus package, long hanging approval since November of last year. The extension of the airlines’ Payroll Support Program — $14 billion for airlines and $1 billion for their contractors — will take the total earmarked for the industry to $63 billion. The PSP extended to the...