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Government’s support for the USA airlines
The American aviation industry employs approximately 750,000 people, some of them will definitely lose their jobs. A large number of planes will not hit the skies soon. According to experts, the government’s funds credited to airline accounts will suffice for six months. After the crisis, both flights and demand will decline:- We believe that the health concerns about COVID-19 are likely to linger (…) life won't necessarily return to normal. We expect demand to remain suppressed for the remainder of 2020 and likely into next year.” - the statement sent to the employees by the United Airlines managing director Oscar Munioz and the airline president Scott Kirby. Specialists also predict higher flight prices, fewer connections and fewer seats on planes.
This is another crisis, after the 11 September 2001 attacks faced by American airlines. The previous one resulted in unfavourable mergers and acquisitions. Air carriers such as Continental, Northwest and US Airways became part of large groups - American, United, Delta and Southwest.
(AO)
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