Will the Airline Industry Get Another Bailout?
Layoffs are expected to begin Oct. 1 unless the Payroll Support Program is extended
Airlines received billions in federal funds early on into the pandemic, but it hasn't been enough.
Photo Illustration: Dianna McDougall; Sources: Getty Images
Before they were given more than $25 billion in March, airline executives warned Congress that if it didn’t act quickly, the industry would see unprecedented layoffs as travel restrictions sent demand plummeting.
Don't miss the Brandweek Sports Marketing Summit and Upfronts, a live virtual experience Nov. 16-19. Gain insights from leading sports figures on how they navigated a year of upsets and transformation and what's in store for the coming year. Register.
