The most recent wave of COVID infections has once again hit the airline industry hard. As the holidays approach, the airlines are pessimistic and seeking government assistance. Airlines for America Chief Executive Nick Calio estimates that the U.S. industry is losing about $180 million a day, according to a report by Reuters.
Marketscale Radio hosts Daniel Litwin and Tyler Kern brainstorm solutions for the airline industry as it continues to lean on the government for aid. Litwin delivers his hypothesis on how to keep workers and the service of air travel first. Kern considers what airlines can do in the interim to survive while awaiting a vaccine that will hopefully revive faith in travel.
- Airline furloughs continue as congress remains at a standstill about a stimulus.
- An expected holiday recovery period for the airlines dampens amid wave of COVID.
- Travel demand for November is down 65%.