Oct. 1 marked the expiration of federal Coronavirus Aid, Relief, and Economic Security Act money — and, with it, the end of $25 billion in support for U.S. airlines. Airlines that took the stimulus money were barred from furloughing employees until that date.
Now airlines, like Atlanta-based Delta, will be forced to pay 100% of their employee wages without that support or a clear end to the coronavirus pandemic.
American Airlines and United Airlines immediately furloughed more than 32,000 workers. Delta officials say the airline is holding off on the pink slips, at least through October.
WABE’s “All Things Considered” host Jim Burress recently spoke with travel analyst Henry Harteveldt about how the nation’s travel industry is faring.
Harteveldt, founder of Atmosphere Research Group, also discussed how long it will take for hotels and airlines to recover from travel restrictions and the steep drop in flight traffic.
Lily Oppenheimer contributed to this report.