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Exclusive: U.S. airlines burn through $I0 billion a month as traffic plummets

M

MULTIZ321

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Exclusive: U.S. airlines burn through $IO billion a month as traffic plummets

www.reuters.com

Exclusive: U.S. airlines burn through $10 billion a month as traffic plummets

U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen passengers per domestic flight because of the coronavirus pandemic, industry trade group Airlines for America said in prepared testimony seen by Reuters ahead...
www.reuters.com www.reuters.com


Richard
 
pedro47

pedro47

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I do not feel that sorry for the airline industry. They are now buying and stock piling very cheap jet fuel at way below market prices. IMO.

This is what Southwest Airlines did some years ago.
 
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