Anonymous ID: 43225c March 16, 2020, 2:34 p.m. No.8441548   🗄️.is đź”—kun   >>1751

"With air travel slowing dramatically amid the coronavirus pandemic, U.S. airlines could run out of money to pay their obligations by the end of this year, or by midyear in a worst-case scenario, an industry group stated Monday, calling on the federal government to extend $58 billion in grants and loans to tide them over.

In a pessimistic forecast in which access to outside sources of cash dries up, Airlines for America estimates that its members’ liquidity could fall to a negative $14 billion by the end of 2020, and could potentially go negative by June 30 if airlines’ credit card partners begin to withhold cash from sales to protect "

 

forbes.com/sites/jeremybogaisky/2020/03/16/us-airlines-warn-they-could-run-out-of-money-by-june-30-plead-for-58b-in-government-aid/#637eba767f74