U.S. Airlines Seek Billions in Aid From Federal Government
U.S. airlines are asking the federal government for grants, loans and tax relief that could easily top $50 billion to help them recover from a sharp downturn in travel due to the new coronavirus.
Airlines for America, the trade group representing the carriers, posted its request for financial help on Monday. It is asking for $29 billion in federal grants, with $25 billion for passenger airlines and $4 billion for cargo carriers.
The airlines are also seeking up to $29 billion in low-interest loans or loan guarantees, and they want federal excise taxes on fuel, cargo and airline tickets to be suspended through the end of next year.