How The Coronavirus Pandemic Disrupted The Booming Air Travel Industry

Channel Title : CNBC Television Views : 4004 Likes : 33 DisLikes : 3 Published Date : 2020-03-25T19:43:04Z

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The new golden age for airlines could be ending thanks to the spike in worldwide cases of COVID-19. A drop in crude prices would normally be a positive for airlines. However, border closings, event cancellations, and the potential for travelers to end up quarantined could cause a cascade of failures throughout the aviation industry. Now, major US airlines say they need a massive bailout from Congress to avoid laying off scores of workers. The White House and Senate leaders reached a deal early .....!

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